Social media + politics= loss of friends

Most of us are aware to shy away from political discussions at family gatherings or cocktail parties.  However, one of the latest trends in the social media world is to discuss politics. This can lead to bruised feelings, loss of business, and in some cases, quickly being removed from social media fan bases if you take a different view than your friends.

 

USA Today pointed that Facebook is becoming the new battleground state for politics. Entrepreneurs and small businesses looking to serve the entire political spectrum should proceed with caution before putting their views online even in personal social media postings.

Don’t be a dope: drug scandal leads to sponsor fall out

Lance Armstrong. American professional road racing cyclist. Seven-time winner of the Tour de France. World champion of the sport. And a bona fide dope.

In light of strong evidence of the use of performing-enhancing drugs, the U.S. Anti-Doping Agency has banned Lance Armstrong from competing and will strip away all his titles earned throughout his career.

For years Armstrong has craved the spotlight, but now he’s making front-page coverage in leading media across the country for all the wrong reasons. And sponsors are taking notice. Endorsers – such as RadioShack, Anheuser-Busch, and longtime friend Nike – are bailing on the popular former cyclist in light of these allegations.

This controversy surrounding Lance Armstrong shows how a reputation built over time can be destroyed in mere seconds. Especially in today’s digital world where headlines jump from your computer screen to your daily morning paper in less than a day, it can be hard to hide from the truth.

Organizations fight fake reviews

The value of a good review for a business is priceless. How many of us browse Yelp when choosing where to grab a bite to eat, scout TripAdvisor to plan a vacation, or check out reviews of the local auto mechanic down the street just to see what others are saying? People rely on the opinions of others (instead of just advertisements) to decide on where to spend their money, which is why online reviews are so important.

However, don’t let the urge to get more buzz around your business sway you to the dark side. Fake reviews can tarnish your brand, and organizations have been cracking down to weed out fraudulent posts.

All the sites I mentioned already have algorithms and human moderators in place to fight fake reviews. Yelp in particular is very aggressive, with 20% of their reviews never making it to public display. In fact, Yelp is planning to punish repeat fraudsters by exposing them and shaming the businesses that employ these deceitful tactics. It is also against Federal Trade Commission guidelines, which states that you must disclose if you have been paid to endorse a product or service. Not doing so entitles you to steep fines, like a $250,000 one the FTC slapped Legacy Learning Systems in 2011.

But an even greater damage that outweighs any monetary concerns is the damage to your reputation. Years of building your business as a credible organization would instantly evaporate and instead be replaced with public scrutiny. Make sure to only employ reviews from credible sources and not engage in deceptive practices to ensure that the next business exposed online and shamed for fake reviews is not yours.