How Social Media Marketing Can Benefit a Business

Post on 13-Feb-2017

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Transcript of How Social Media Marketing Can Benefit a Business

How Social Media Marketing Can

Benefit a Business

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CAN IT HELP?• 73% of businesses using social media

see measurable results • Audiences can use social media on the

go via mobile devices – Increased access to information

• Not utilizing can actually harm your business– May miss opportunity to reach target market

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BENEFITS• Active communication between

consumers and company• Further develop relationships• Easy way to learn about your audience • Target more effectively • Social via mobile devices help to

increase audience reach

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COSTS• Always a cost; never free

– Time– Added to workload– Hiring a social media employee – Outsourcing to a marketing firm

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MEASURING SUCCESS• Counting the number of followers is your

social media reach• Success is…

– Traffic - how many it drives to your site– Leads - how many are qualified – Customers - how many become customers

• Mobile to website

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ROI• ROI= direct result on social media

marketing strategy • Doesn’t have to be revenue

– Can mean meeting objectives• Getting new leads• Increasing email subscriptions• Boosting customer satisfaction• Increasing social media followers • Increasing conversion from mobile users to

customers

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BETTER FOR B2C OR B2B?• Both are effective

– B2C focus on more light-hearted, fun social media posts

– B2B use social media to share valuable industry content

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OUTSOURCE OR IN-HOUSE?• In-house: if company has the time and

resources it needs– Knowledge of social media sites

• Outsource: if company doesn’t have all the time and resources – Lacks experience– Lacks expertise– Lacks industry insider knowledge

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TIME SPENT ON SOCIAL MEDIA• Real-time marketing

– Positive: opportunity to reach your specific audience in real-time

– Negative: timing is everything

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TIME IT TAKES TO SEE RESULTS• Marathon, not a race• Depends on…

– Time and effort put in– Budget– Audience– Strategy– Paid or unpaid ads

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COMMON MISTAKES • Inconsistency • Solely announcing content

– Without engaging in discussions– Not adding comments or answering

questions

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GENERAL TIPS• Post consistently• Let passion and personality shine

through• Engage in conversations• Answer questions• Encourage audience engagement• Provide valuable content freely• Be mobile-friendly

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References • http://marketingzen.com/twenty-one-common-questions-about-social-media-marketing-answered/• http://www.freedigitalphotos.net/images/Communications_and_n_g263-Social_Media_Network__p31594.

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