Claire Russell Interviews Wayne Sutton at IMS10, Part 1

Last month I attended and presented at the Inbound Marketing Summit 2010 in Foxboro, MA. It was great to be back in Boston, catching up with friends and colleagues. But a true highlight of my visit, ironically (since we live in the same area), was finally getting the opportunity to catch up with Wayne Sutton – or SocialWayne as he’s known here in ‘The Triangle’ of North Carolina.

For those that may not know Wayne, he holds nearly 10 years of experience in technology and social media. He is the Business Development/Marketing Strategist for TriOut, a location-based services application developed to help individuals explore the Triangle area and discover its cultural treasures. Wayne is also a consultant, helping start-ups and established businesses succeed in understanding how to best communicate their brand strategy through social media, as well as location-based services.

In this first of a two-part series, Wayne shares three tips for new entrepreneurs thinking about launching in today’s market:

• Hire good people you can trust
• Build a revenue model that adds value and solves a problem
• Try not to spend or take money if you don’t need it

He also gives his take on the Raleigh tech/social media scene.

I hope you enjoy the interview  – our Part II interview will feature Wayne talking about the impact of location-based services on corporate marketing strategies. What should marketers be thinking about as they plan their 2011 Marketing budgets? We’d love to get your thoughts/advice.