Social marketing is not about advertising, at least not advertising on its own. Social marketing is the art of getting others to talk about your brand or products. Brand awareness or product awareness should be your ultimate aim with social marketing. When someone wants one of your products, it should be your site or business that first springs to mind.
How you achieve this depends on the amount of time and energy you can put into visiting social media sites and, basically, socializing. The more time you can devote the more you will recoup. Social marketing is, in the early days, all about what you do.
Once you get people, particularly your customers, talking about your products or services and associating it with you, the more traffic and eventually the more sales you can achieve. There are several things you need to accept for your social marketing plan to work:
First, and most importantly, you need to place some trust in your customers. They will not always get it right, however you need to let them have their say without constantly jumping in to correct them. If a customer makes a statement that is bordering on the untrue, let it stand but take action on your site so that any visitors can see immediately what the real situation is. You need to let the conversation grow.
Second, the good, the bad and the evil. You need to accept that you will receive many different types of reviews. Some will be positive whilst others will be negative. People only ever talk from experience. If they have had a bad experience, fix it. If someone says that communication is poor, find out from them what the problem was and fix it. This can often be turned into good PR if they then discuss the positive outcomes.
Social marketing is the future so learning to get it right is very important. If you can participate and develop your brand or product awareness then the door opens to advertising both direct and indirect. Use the social marketing strategy carefully and and the results can last far beyond the end of any planned campaign.
The only advice I can give is to stay away from Digg with SEO, email marketing or social marketing traffic type sites. There is a little inside group that hates these topics. They will maliciously bury your stories, accuse you of spam and get your site banned from Digg.
Everybody else is cool and I happily participate in 15 social sites.
If you want more info on the Digg mafia as they are called, just google it and I have alot of info on my site, you will see me in the search.