6 Reasons Why Every Business Needs a Social Media Marketing Strategy

/6 Reasons Why Every Business Needs a Social Media Marketing Strategy

In case you haven’t noticed, social media is not just a fad… It’s also not just for teeny boppers.

Even if you already know this, you still might be struggling to answer this question…

Is Your Target Market Really Using Social Media?

According to eMarketer research in 2015, social network users spanned all ages from 18 to over 65, with the older demographic projected to grow the fastest in the next year.

social-media-users-02-2015-2

Of all the social networks, Facebook is by far the most popular so now let’s take a closer look at Facebook demographics from SproutSocial.

Social-Demographics-facebook

 

Based on this data, your target market is likely using social media.  But how often?  Well, again according to SproutSocial data, 70% of adults are logging in to Facebook every single day!

Let’s summarize what we just learned…

Summary of Social Media Demographics

  1. Every age group is using social media
  2. Every income level is using social media
  3. Every education level is using social media
  4. Every location (rural, suburban, urban) is using social media
  5. And finally, they are likely logging in every single day

In case that didn’t convince you to start using social media marketing, I’ll walk through 6 key benefits that should get you more excited about this huge and growing marketing opportunity…

Social Media Main Street ROI

Reason #1: Increase Brand Recognition & Trust

The reality today is that prospects do research online before making buying decisions.  Where do they look?  Of course Google is one of the top sites to search, but many are also turning to Facebook and other social media networks to see if a company is established there.

There are 3 likely outcomes when prospects look for you online:

  1. They don’t find anything and immediately lose trust.
  2. They find your social media profiles, but they aren’t active.  Again, you’ve lost a few trust points.
  3. They find your social media profiles, see that you’re active, and learn more about the culture and values of your business.  This leads to increased trust and more brand recognition because social media gives you the opportunity to connect with prospects on a deeper level.

 

Reason #2: Increase Visibility in Google

As mentioned above, your prospects are already searching in Google to find information about your business.  One of the benefits of setting up profiles in social media is that it allows you to blanket the first page of Google with webpages you control.

For example, search your company name and review the first page of Google.  If you have a Facebook page set up then chances are good that page is ranking on the first page.  If you also have a LinkedIn and Twitter page then those are also ranking.  The more pages you control in the search results the better because it increases the chances a prospect will click on one of your pages.

Plus, social media marketing can help improve your website’s search engine rankings for other non-brand keywords.  Social media gives your website more exposure, which leads to more links from other websites, which in turn can boost your rankings.

But social media marketing is not just about driving traffic to your website…

 

Reason #3: Increase Website Sales Conversion Rates

I already mentioned above how social media marketing allows your brand to connect with prospects on a deeper level than other channels like advertising.  In other words, social media gives your business a personality, which can naturally lead to more brand loyalty and higher sales conversion rates.

Plus, isn’t social media by default social proof?  When users follow, like, and share your updates, then that is social proof that other people know, like, and trust your business.

Finally, social media is a great tool for following up with prospects and customers to keep your business top of mind.  We all know the importance of follow-up in the sales process and social media is another channel to stay in touch with prospects.

 

Reason #4: Increase Customer Retention & Referrals

Of course, let’s not forget about the importance of following up with our customers!

By using social media to stay top of mind with customers, you’ll naturally increase retention, repeat purchases, referrals, and online reviews.  Need I say more? :)

 

Reason #5: Establish More Partnerships

First, I already mentioned the fact that your prospects are researching your business online.  Well, it shouldn’t come as a surprise to hear that potential partners are doing the same thing…

Therefore, social media can either help or hurt your chances of forming referral partnerships.

Second, potential partners are more receptive to the idea of sharing content (articles, webinars, videos) than forming a referral partnership.  It’s just a lot easier and less risky to share content.  Then once you’re working together it’s a more natural transition to discuss referrals.

Of course, this strategy relies on content, but that’s no problem if you’re already active on social media.

 

Reason #6: Diversify Your Marketing

Last but not least, businesses need to use social media marketing as a way to diversify.  If your business is currently relying on just one or two marketing tactics, then you’re extremely vulnerable!

We all have heard stories of Google updates wiping out a business that used to be ranking high in the search results.  Advertising will continue to get more and more expensive as new competitors with deep pockets enter the market.  Email marketing isn’t getting any easier with all the spam filters and gmail automatically sorting emails.

My point is that no one tactic is safe.  The only path to long-term success is by diversifying your marketing strategy to include tactics like social media.

 

Not Sure How to Get Started With Social Media?

Join me on Thursday, March 17, 2016 at noon Eastern for our live training called, “Introduction To Social Media Marketing: 8 Steps To Get ROI from Social Media”.

During this 90-minute live webinar training, I’ll de-mystify social media by walking through the following 8 steps:

  1. How to Identify Which Networks To Use
  2. How to Properly Create Your Accounts
  3. How to Build Your Audience
  4. How to Plan Your Content Calendar
  5. How to Create Social Media Content
  6. How to Post Your Content
  7. How to Generate Leads and Sales from Social Media
  8. How to Track Your ROI From Social Media

Click here to learn more and register.

 

 

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By | 2017-11-12T10:18:49+00:00 March 6th, 2016|Categories: Social Media|Tags: , , , |

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