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Social Media Marketing – The New Wave of Marketing
When it comes to social media marketing, the numbers really speak for themselves. First, close to a third of people worldwide use social media, so the audience is there. Then, with 90 percent of marketers stating that social media marketing has boosted their exposure, it’s clear that the audience is receptive.
Even though the market is huge and receptive, most social media marketing strategies fail.
Why is that?
It comes down to a simple concept. Most people don’t really understand social media marketing, so they don’t know how to use it. You need to understand what it is and how it can work for you. Then, you can develop a social media marketing plan for your specific needs.
First, let’s look at some social media concepts, and then let’s look at the individual networks.
Social Media Marketing – The New Cold Call
If you’ve spent much time in marketing, you’ve probably cold called a person or two.
It is not pleasant.
You can feel your pulse racing as soon as you punch those numbers into the phone. What is the person on the other end of the line going to say? Is he going to be friendly, or is he going to yell at you and hang up?
That’s a lot of stress.
Here’s some good news for you. Social media marketing has replaced cold calling. It is the new method of cold calling, and the numbers are huge.
Social media marketing leads to a 66 percent increase in quota attainment when compared to traditional prospecting techniques (i.e., cold calling). It also leads to an increase in upsells and more revenue.
The big question is why. Why is social selling bringing in numbers that are so much bigger than cold calls and other forms of prospecting?
It begins with conversations, or lack thereof. Only 28 percent of prospects converse with salespeople over cold calls. It is hard to engage a prospect if he or she won’t engage with you. Compare that to social media engagement. One-hundred million hours of video are watched each day on Facebook alone, so the engagement opportunities are there. It is much easier to bend a prospect’s ear and get her interested when you put yourself out on social media.
Then, you have to consider the value that people receive during the prospecting process. Most cold callers simply do not have the value necessary to close the deal. They don’t have case studies they can readily share or examples to provide to the lead. On the other hand, social media lends itself to educating consumers. It is easy to add value in this format. You can link your readers to case studies and use testimonials to prove the value of a product or service.
The more value you can add, the better. Engagement increases by five times when you add value to sales materials. Engagement helps with the decision-making process.
That is one of the reasons why it is so hard to get people to make a decision with a traditional cold call. It’s reported that a mere 1 percent of top-level B2B decision makers are willing to make a decision based on a cold call. The engagement and proof simply aren’t there, so they are not going to pull the trigger. The same isn’t true for social media. Three-quarters of B2B leaders use this platform as part of their decision-making process. That’s a big reason that social media marketing is so powerful.
You know that social media is a great way to sell, but should you just try to unload your products or services on the platform?
Not exactly. That might be part of it, but the best social media marketing experts know that the platform is a great place for lead prospecting.
Lead Prospecting – An Important Component of Your Social Media Marketing Plan
Twenty-four percent of businesses that engage in lead generation practices on social media enjoy an increase in revenue. It can be argued that the numbers would increase even more if people understood how to successfully use social media for marketing purposes.
It’s pretty easy to collect email addresses on social media. Email management platforms, like MailChimp, offer social media integration for Facebook, while Twitter has lead generation cards that you can use to capture email addresses. LinkedIn and Facebook both have lead generation ads that you can use to collect email addresses.
Instagram makes it a little bit trickier. You can’t put a lead generation form on the site, and your followers can’t leave their email addresses in the comment section. Because of that, you should add URLs to your grams to send people to a lead generation page.
You should do the same with the other social networks, as well. It is always a good idea to have a multi-pronged lead generation strategy. That will allow you to get the best results.
Of course, you can’t just try to collect email addresses and expect to get great results. You have to put the work in by building relationships.
Add Relationship Building to Your Social Media Marketing Strategy
Some marketers start using social media with one goal in mind.
They are going to make lots of sales.
While dollars and cents are always important, social media marketing is more about building relationships — you must build a bridge of trust between your business and your customers. The evidence over the years has been clear. Using social media networks that your audience frequents allows you to stay relevant. That, in turn, makes it easy to build relationships, which allows you to turn a profit.
How you do this depends on your brand. Brands like Nike Women and Weight Watchers have used social media to bring people together who face the same trials and tribulations that they do. That puts these brands at the center of the communications, which establishes them as an important component in the entire process. Consider using this method for your own social media marketing plan.
Brands also use social media to establish their own voices and contribute to ongoing communications. They share relevant content that educates their audiences, and in some cases, inspires them.
There is a key component to all of this. Your social media strategy should be about the customers instead of the products. As enticing as selling on social media is, that isn’t what it is all about. It’s about the people who are sitting on the other side of the keyboards around the world.
Speaking of that, do you know where your customers are? There are seven big social networks out there, and you need to know how to use them all.
The Best Social Media Marketing Services Use the Big 7 Networks
When you think about social media marketing, you probably think of Facebook. Everyone is on it. Your friends are on it, your co-workers are on it, and your mom is even on it.
Your customers are on it, too, but that’s just one of the many networks where you can find your customers. If you’re serious about devising a solid social media marketing strategy, you need to understand all of the networks.
People spend more time on Facebook than any other social network. They are on Facebook for 40 minutes a day, compared to 21 minutes on Instagram, 20.8 minutes on Pinterest, 17 minutes on Twitter, and 9.8 minutes on LinkedIn. The site also kills it when it comes to social referral traffic. It is responsible for close to a quarter of all social referrals.
Photos and videos rule on Facebook, but you have to be careful about how much you share. You might want to share constantly, but one to two times a day will bring in the most engagement. Out of the two, video content is preferred by Facebook and tends to perform better. You can learn more about the benefits of video here.
With over 500 million monthly active users, you can’t count Instagram out. Users share around 95 million photos a day, so this site has a ton of action. The site attracts people from all over the world, with 8 percent of users located outside of the United States.
The best brands know that gramming around five pictures a week is the sweet spot. They also understand the importance of consistency, right down to the filter. Sixty percent of the top gramming brands use a consistent filter for all of their photo shares on the site.
Engagement is important on Instagram, and you can increase it by adding a hashtag. That will boost your engagement levels by close to 13 percent. Just don’t go hashtag crazy.
Do you have a huge international appeal? If so, Twitter is right for you. It supports more than 40 languages, and 79 percent of the users are located outside of the United States.
It’s also really popular with millennials. There are more millennials than any other age group on the site, but people aged 65 and over are almost nonexistent. Keep that in mind when devising your social media marketing strategy.
You can use Twitter for anything, but it really stands out when it comes to customer service. Check for tweets directed at your brand and respond promptly for good customer service.
Snapchat
Over 100 million people use Snapchat each day, and those users watch over 10 billion videos daily. They also send 400 million snaps and share close to 9,000 photos.
This platform is mainly used by 12- to 24-year-olds, although some older people are also hopping on the bandwagon.
The most successful brands use geofilters when delivering snaps. If you use a geofilter and deliver your snap to a national audience, you can expect it to be seen by around half of the daily users. You can also use Sponsored Lenses and get your snaps out to around 16 million viewers.
YouTube
Every brand, be it big or small, should have a YouTube channel. On average, businesses publish 18 videos a month, and since over half are less than two minutes in length, it is easy to churn them out. Businesses tend to stick with the basics, which are explainers, demons, how-tos, and testimonials.
If you’re engaging in B2B marketing, LinkedIn is a must. Eighty percent of B2B leads come from this platform. You don’t need to be a B2B marketer to benefit from this, though. Over 90 percent of marketers use LinkedIn to distribute content.
LinkedIn is a great way to establish yourself as an expert, so come up with a solid social media marketing strategy and start posting.
Marketers often forget about Pinterest, and that is a shame. It has more than 150 million active users each month, so you need to pay attention to it. Those users are ready to buy. Almost 90 percent have purchased a product because of something they have seen on the site, and 72 percent actively use the site to find things to buy. That means you need to get to pinning.
Determine What Social Media Marketing Services You Need Today
How do you intend to use social media marketing to your advantage? Add some important social media marketing services to your advertising campaigns so you can reach people on various networks. You can also try a Web Design Blog Directory to get some exposure as well. After this, you can enjoy the benefits that come with this form of marketing. If you are looking for a professional team or agency to help grow your business through the latest digital marketing techniques, email hello@swiftlydigital.com to get a free consultation.
Also published on Medium.
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