A Comprehensive Guide on SOCIAL MEDIA MARKETING
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Transcript of A Comprehensive Guide on SOCIAL MEDIA MARKETING
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What is SOCIAL MEDIA MARKETING ?
“Social media marketing (SMM) is the use of social media websites and social networksto market a company’s products and services.”
But this definition is missing something really important. Let’s make it more simple andclear:
“Social media marketing is the process of creating tailored content for each social mediaplatform to drive engagement and promote your business.”
Social media marketing is all about connecting with your audience or customers andhelping them understand your brand better. It is incredibly beneficial to your businessgrowth.
Imagine you’re going to meet someone for the first time with an intention to build a goodrelationship.
What should you do to make that person like you instantly because you’re not going toget a second chance? Will you succeed if you meet that person and say things that areboring or meaningless?
People tend to like you more when you make them happy, no matter how you do that.
Just like the offline world, your social media marketing success largely depends on yourability to find and make your target audience happy so that they like your brand andshare your stories with others.
Your social media marketing efforts will produce no results if your story isn’t worthsharing.
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Why Is Social Media Marketing Important Today?
Today's consumers rush to browse social media when they want to know more about anorganization or product because that’s where they’ll find others talking about thatbusiness.
What if you don’t have a social media presence? You’ll miss a great opportunity to makean impression.
Take a look at these stats from Oberlo to have a feel of why having a sound social mediamarketing strategy is imperative to business success in 2020 and beyond:
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71% of consumers who have had a positive experience with a brand on social mediaare likely to recommend the brand to their friends and family.
90.4% of Millennials, 77.5% of Generation X, and 48.2% of Baby Boomers are active socialmedia users.
Facebook alone has over 2.7 billion monthly active users.
Your customers and prospects are using social media channels every single day,multiple times a day. Check out this blog to know how much time an average personspends on social media.
Social media is an ideal place for brands looking to gain insights into their audience’sinterests and tastes. The way experts see it, smart companies will continue to invest insocial media to achieve sustainable business growth.
Whether you want to launch a new product or a business, social media is the perfectlaunchpad to create a buzz around your initiatives. As we move further into the future ofe-commerce, it’s clear that social media marketing isn’t just an option.
In an increasingly competitive environment, your business can’t afford to miss out onsocial media.
It's especially competitive in the social media influencer space, where there arethousands of new influencers starting a brand every day. If you're trying to build more ofan online presence to become a social media influencer, make sure to read ourcomprehensive guide.
Benefits Of Social Media Marketing:
The concept of social media marketing has evolved over the years. A few years ago, thesole purpose of using social media channels was to generate website traffic.
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Today, it has developed into something more than just a place to broadcast content.
You can have a social media marketing strategy in place to achieve a broad range ofbenefits from creating two-way conversations with potential customers to expand thereach of whatever you’re selling. I am going to mention the top 5 benefits of social mediamarketing:
1. SMM Consistently Warms Up A New Audience For Your Business:
● There’s nothing worse than facing a cold audience or people who haven't
interacted with your brand before.
● Social media marketing opens up doors to tools and tactics that make it easy to
warm up a new audience for your business.
● Facebook and other social platforms allow you to use content to connect with
the potential audience and warm them up. While it’s hard to get people’s
attention, you can easily break through the noise with engaging content.
● For example, creating an interesting Facebook video ad can drive people to know
more about you.
2. SMM Builds Stronger Relationships With Customers:
● If you think social media marketing is all about selling and promoting, rethink.
● Successful brands connect and engage with their social media audiences to
build lasting relationships.
● For instance, when they share something on a platform, they respond to whoever
leaves a comment or question to provide them any assistance they may need.
● Rather than selling your products or services, you can simply ask your social
media followers questions about your products or share something that could
make life easier for your audience.
● This way, you build trust and show them how much you care about their needs
and opinions.
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● It's always a must to serve people first before asking them to invest with you.
● For example, one of our best social media strategies that we use is our
Entrepreneur Cooperative Facebook Community.
● We use this Facebook group as a place to talk about life and business, share cool
thoughts and strategies, and really just get to know other like-minded people like
us.
● A Facebook group is a great way to use social media to grow a loyal audience of
people who will advocate for your business or brand for a lifetime.
3. SMM Generates More Leads & Conversions:
● Platforms like Facebook, Instagram, Twitter, and Linkedin allow companies to
generate leads. You can use a mix of paid and organic tactics to boost
conversions.
● Video marketing, paid ad campaigns, giveaways, and email opt-ins are some of
the leading strategies to get prospects into your sales funnel.
● For example, running a giveaway campaign on Facebook can help you boost your
list of qualified email addresses.
● Since everything happens online, SMM is a measurable, quicker, and easier way
to build a database of prospects. With increased visibility, your business finds
plenty of opportunities for conversion.
● Compelling content can lead your social media followers to your company’s
website and turn them into loyal customers.
4. SMM Gives You A Leg Up On Competitors:
● There’s a lot to learn from your competitors’ social media presence, especially if
you have just started exploring social media and lack good marketing ideas.
● Progressive companies always monitor their competition to see what’s working
for them and whatnot. Tracking what your competitors are up to should be a key
part of your social media marketing strategy.
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● You can start experimenting with things that are working for your competitors.
● For example, if paid Facebook ads are generating good results for your
competitors, you should try it too. However, you shouldn’t copy your competition
in a way that could hurt your reputation. Make sure to stand out.
● If you would like to see what type of Facebook ads your competitors are showing
their audience, you can see everything they are doing by visiting Facebook's ad
library.
● The ad library provides advertising transparency by offering a comprehensive,
searchable collection of all ads currently running from across Facebook apps
and services, including Instagram.
5. SMM Is Cost-Effective:
● Social media marketing is probably the most cost-efficient and diverse way of
promoting a business.
● It doesn’t cost anything to create a profile on most social networking sites. In
case you want to run a paid campaign to boost your content, the cost is relatively
low as compared to other advertising platforms.
● When done well, your chances of producing greater returns on your investment
are higher. If paid advertising is a part of your social media marketing strategy, be
sure to start small and work your way up as you become more comfortable.
● There’s always something you can do to improve your digital advertising results.
One of the benefits of social media marketing is that it allows you to track your
performance and fine-tune your strategy using real-time data.
Best Social Media Marketing Tips:Ready to get started with marketing on social media? Here are a few social mediamarketing tips to kick off your social media campaigns.
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1. Great Social Content — Consistent with other areas of online
marketing, content reigns supreme when it comes to social media
marketing. Make sure you post regularly and offer truly valuable
information that your ideal customers will find helpful and interesting. The
content that you share on your social networks can include social media
images, videos, infographics, how-to guides and more.
2. A Consistent Brand Image — Using social media for
marketing enables your business to project your brand image across a
variety of different social media platforms. While each platform has its
own unique environment and voice, your business’s core identity, whether
it's friendly, fun, or trustworthy, should stay consistent.
3. Social Media for Content Promotion — Social media
marketing is a perfect channel for sharing your best site and blog content
with readers. Once you build a loyal following on social media, you'll be
able to post all your new content and make sure your readers can find new
stuff right away. Plus, great blog content will help you build more
followers. It's a surprising way that content marketing and social media
marketing benefit each other.
4. Tracking Competitors — It’s always important to keep an eye on
competitors—they can provide valuable data for keyword research and
other social media marketing insight. If your competitors are using a
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certain social media marketing channel or technique that seems to be
working for them, consider doing the same thing, but do it better.
5. Measuring Success with Analytics — You can’t
determine the success of your social media marketing strategies without
tracking data. Google Analytics can be used as a great social media
marketing tool that will help you measure your most triumphant social
media marketing techniques, as well as determine which strategies are
better off abandoned. Attach tracking tags to your social media marketing
campaigns so that you can properly monitor them. And be sure to use the
analytics within each social platform for even more insight into which of
your social content is performing best with your audience.
6. Social Media Crisis Management — Things don't always go
swimmingly for brands on social media. It's best to have a playbook in
place so your employees know how to handle a snafu. Check out our
guide to social media crisis management to see examples of the worst
social media disasters, plus tips on how they should have been handled.
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How to Choose Right Platform for Social Media Marketing:
Step 1: Identify your audience:
The first step is to identify who your audience is. You want to be as specific as possible,
since it will make your decision easier. Write down the answers to the following
questions:
● Who is your typical customer?
● How old are they?
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● Are they male or female?
● What is their income and education level?
● What are they interested in outside of your product and service?
Step 2: Define your goals:
Once you know your audience, you need to define goals for that audience. As a business
owner, your primary goal will likely be to drive sales by attracting customers-yet, there
are other creative goals for social media. While some brands use social media to drive
brand recognition and to develop friendly relationships with potential buyers, others use
social media for customer support.
For example, on-demand media company Netflix uses the Twitter handle @Netflixhelps
to address customer service issues. Not only does it free up their phone lines, but it
gives satisfied customers an opportunity to promote their brand.
When it comes to creating your social media goals, brainstorm a list of both typical and
unusual ways social media could work for your brand.
Step 3: Find your audience:
Now that you have your audience profiled and your goals defined, it’s time to find your
audience. To do this, you’re going to determine which platform your audience uses by
looking at the demographics of the users on each platform. You’ll also want to consider
how active your audience is on that platform. For example, while young Facebook users
may have profiles, they’re more active on Instagram or TikTok. Besides demographics
and engagement, you’ll also want to look at how individuals use the platform.
Below is a guide to some of the major social media platforms to help you find
your audience:
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Facebook reports over 2.7 billion users-that’s larger than the population of China! With all that noise,it’s important to remember how individuals use Facebook: to build relationships and keep contact withold friends. This makes Facebook a good platform for building the loyalty of your existing customerbase. The downside to Facebook is that it may be hard to reach a new audience; due to its largepopulation, your posts have a limited reach-even within your own networks.
As you assess Facebook as a potential platform, carefully consider your business goals. If you’re tryingto acquire new business, Facebook might not be your best option, but if you’re building a dedicatedfollowing of clients and you need a way to keep in touch with them, this is a great option for yourbusiness.
Twitter is an excellent platform to build awareness for your brand. Twitter utilizes the hashtag, whichorganizes conversations around a word or phrase. By searching hashtags, you can learn what people aretalking about so you can craft your tweets to take part in popular conversations. Why would you dothis? Because Twitter can o�er insight into what topics are trending, Twitter is often used by newsoutlets to find stories. Since Twitter is often used to provide real time updates to an audience, manybrands combine Twitter with o�ine engagement, such as events.
Pinterest is used for “scrapbooking” or, in other words, saving content by “pinning” photos or videos toa virtual bulletin board. Female users dominate the Pinterest demographic. Some of the most commonpins are recipes, style ideas, striking photographs, and DIY crafts. Since Pinterest is a visual-basedplatform, you’ll need strong graphics to engage users. Successful business use of Pinterest has beenlinked to strong retail sales.
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YOUTUBE
Although YouTube boasts 2.3 billion users, its reach extends far past that. You don’t have to sign up tobe a user to view content on YouTube. As a result, YouTube has become one of the biggest searchengine platforms. Many of these searches are for “How To” videos. Service industry businesses that cano�er this type of content work well on this platform, along with lifestyle and educational videos.
LinkedIn has the distinction of being the most utilized platform for older audiences. It boasts thelargest users among ages 30-49. LinkedIn is also unique because it has a narrow focus. People useLinkedIn to search for jobs and to network professionally. As a result, the platform is useful for B2Blead generation, general networking, as well as recruiting employees.
Instagram is one of the fastest-growing platforms, especially among a young audience. Like Pinterest,Instagram relies on photos or videos for conversation. As a result, this platform works really well forvisual-based businesses, like art, food, retail, and beauty. Because it’s a growing platform, there’s lessnoise than Facebook. This means the platform is useful for generating leads because your reach iswider.
TIKTOK
TikTok is known for its short-form videos. Like Pinterest and Instagram, TikTok is best for visual-basedbusinesses like art, food, retail, beauty, and some service industries. TikTok has a very youngdemographic. The platform is useful for targeting the 18-24 age group and building brand awareness.
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