Thursday, April 16, 2009

Advertising Yourself: Building a Personal Brand through Social Networks

In 2007, Jim MacMillan was at the top of his profession -- a photojournalist who had just shared a Pulitzer Prize for pictures from Iraq's deadliest combat zones -- but he also started to wonder what kind of future that profession had in store for him. His newsroom in Philadelphia was making steep job cuts in the face of plummeting revenues. Then MacMillan attended a BlogWorld conference and returned with a determination to re-invent himself though social networking.

MacMillan has since become highly skilled at using social networking to gain new fans of his photography, and he is hardly alone. Over the last few years, creative professionals -- including musicians, writers and artists -- have found they can reach an engaged audience by making songs available on a MySpace page or building a national readership by blogging. Now, with the economy mired in a recession, many individuals are wondering how to build a buzz about themselves and find new employment opportunities by adapting the same kind of branding techniques used by businesses.

"I saw that the real value of a new media profile, or a social media profile, is distribution [to an online audience]," MacMillan says. While still employed as a staff photographer at the Philadelphia Daily News, he had launched his own web site -- jimmacmillan.net -- for posting his photos and linking to related stories in the news. Like many professionals, he also created a profile on Facebook, Twitter and every social network he could learn about, roughly 40 in all.

Eventually, he took a severance package from the newspaper and threw everything into social networking. Today, he has close to 14,000 followers reading his posts on Twitter -- a number on a par with some celebrities -- and keeps in touch with about 475 friends on Facebook. He believes he reaches a larger and more engaged audience than when he was at the Daily News, but he also concedes his activity is only bringing in "lunch money," mainly through ads on his blog (which receives traffic referrals from his Twitter postings). But by expanding his network, Macmillan says he also has promising leads on better-paying job opportunities at companies, including some that want advice on social networking.

Indeed, social networking is that rare sector of the economy that seems to be booming in the midst of the recession. MediaPost reported that businesses spent $2.2 billion on social-networking in 2008, nearly twice as much as they did in 2007, primarily through advertising on popular sites like MySpace and Facebook.

LinkedIn is by far and away the most popular business-oriented social network -- with more than 35 million registered users scattered across more than 170 industries -- but it is just one of a growing number of sites. Others include Ning, which allows specific businesses to create their own social networks of clients, employees and interested parties; Ryze, which allows organizers to better organize contact lists and schedules; and Xing, which aims to connect business people with experts or potential customers.

It's equally important to be aware of the potential pitfalls of the different online networking sites. In particular, some experts voice concern over business networking on Facebook, because it allows friends and acquaintances to freely post material that will also appear on a person's profile page; the risk is that someone else might post an inappropriate comment or photo that could actually scare away potential business contacts.

Are you addressing the new media rage and exploiting yourself on social networking? I would like to hear your thoughts. Email me at wgstevens2@gmail.com