“It seems like a lot of social media people give information for free.” one of my friends mentioned today. The implied question being, why is that?

Giving some free stuff away doesn't mean your company won't make money. Mozilla in the tech world is an excellent example of sharing information to build value.

Giving some free stuff away doesn’t mean your company won’t make money. Mozilla in the tech world is an excellent example of sharing information to build value.

As people in the information business, we know it’s important to give some of our product for free in the way of blog entries, white papers, etc. Here’s why people give away something for free that they didn’t necessarily get for free:

Information builds credibility.

Does this person know what they are talking about? Do they seem like the kind of person I want to do business with? This is information people will want to figure out before contacting you.

Having free information out there for them to peruse allows them to see for themselves 1) This person is legit and 2) I may even like them as a person. These are both infinitely important in the service industry since the people you hire to provide services tend to be the people you spend time with. Information let’s people get to know you… and giving it away some for free means you are not some money hungry jerkface who’s only in it for the paycheck.

Information builds value.

You know who the best customers are in some of my experience? People who have tried to do it themselves. In trying to build a website or run a social media campaign, people will contact us saying that doing the job well is harder than they expected. They realize there is a lot to know and do, and that they need our help.

It may feel weird to think about giving away something you figured out but guess what happens when someone tries to do it? Some either succeed and love what they get out of it, becoming loyal potential customers. Others attempt and fail… but guess who the first person they think of to call is when they do?

It may seem counter intuitive but put information out there about your services or products. Having an understanding of what goes into either will show your potential customers what’s so valuable… and why they can get that value from you.

Information gives part of the story… and leaves people wanting more. 

Let’s say you read my article about Twitter hashtags (the most popular blog post I’ve ever written for no apparent reason). While it is helpful, it’s really like I’m reading you page 59 out of a book of things I know. Sure there is a topic but does reading it make you understand how to use Twitter entirely? Of course not. What someone with a deep knowledge on a topic can give you are tips and tricks but knowing that information in a context is infinitely more valuable.

What you know about what you do is more than you could write in 855 blog posts (you’re reading post 856 of this blog right now, and there are plenty more topics to cover, trust me!). And the more people know, the more they’ll want to know… if they are interested of course. But guess who buys stuff? Interested people.

Social media people are not silly people with gobs of free time on their hands. They know if they put out information, free information even, it’ll be good for their business. At least I think they are. 🙂

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