I just finished reading an unedited, advance review copy of Paul Gillin’s latest book, “Secrets of Social Media Marketing.” If Paul is reading this post, he may remember that I told him I would read the book last month, but then, I also planned for the stock market to be up slightly. Things change, and you adapt.

In the book, Paul relates that he dictated much of the book into his computer and used speech recognition software to scribe his thoughts.  Since this was an unedited advance review copy, I gained some insight into the state of speech recognition software, which has advanced enormously over the past 20 years, but still makes amusing mistakes.

Paul acknowledges that at the current pace of change, some of the social media marketing tools he describes and the strategies he espouses will become relics and interesting historical perspective in 10 years’ time.   But, as we find ourselves in an economic downturn that appears deeper than anyone younger than 80 remembers, Paul offers some sage commentary on social media marketing that applies equally well to general business strategy.  Paul writes:

There are only two unpardonable sins in the current environment. One is fear…That leads to the other unpardonable sin, which is inaction.

Read Paul’s book and by the time you’re done, you will be gathering at Gather, twittering at Twitter, joining Facebook groups, and spreading link-love from your blog.  One thing’s for sure, budgets are tightening, and you and your companies will have to find innovative and less expensive ways to validate product concepts, find prospects, demonstrate to them what you can do, prove to them that you are alive, well, and can deliver something they want.