There are numerous blogs out there that can give you tools on how to track social media for free, and paid. In most cases, the free version of listening to your social media audience can involve multiple tools including Twilerts, Google Alerts, Technorati, Backtype, and others. These are tough times, and you may need to make the business case before you spend a dime on a listening platform.

1. Drink from the fire hose (sort of). Using a free listening platform tool like SM2, Filterbox, Yahoo Pipes and/or Social Mention - identify where there is a good deal of conversation around your target audience. This will probably take a few weeks, and many track back historical data - which may get you there sooner. What you are looking for is this: common social media sites (networks, blogs, micro-blogs, taggers) and individuals that come up - again, and again. (Keep in mind, in social media - these sites and influencers can change often). You might already know a few movers and shakers in your space - now might be the time to check out their digital footprint.


4. How can you be better? Now comes the tricky parts. I like brainstorming using the POST method from Forrester- along with sweat equity 'free' research to create a relevant preliminary strategy for social media. Be prepared to answer the question: Now What? When? Why? Be sure to set realistic expectations, and to debunk a few social media myths.
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