What Is Social Media Marketing?
Consider a Few Key Statistics
Why does social media marketing matter and, perhaps most importantly, why has it become a key component of any marketing strategy for small to large companies?
- There are 3.2 billion people around the world using social media – that’s 42 percent of the globe’s population, according to a study from Emarsys.
- 54 percent of people using social media are researching products before they buy them, according to GlobalWebIndex
- All age groups are using it (that means all of your customers are using it). A study from eMarketer found 90.4 percent of all millennials using it, 48.2 percent of all baby boomers using it, and 77.5 percent of Generation X use it.
What Makes Up Social Media Marketing?
There are several components that make up social media marketing. Its ultimate goal is to use social media sites like Facebook, LinkedIn, Twitter, and Instagram to connect with would-be or current customers. You are doing this to sell, but not just in the traditional manner. You’re also using these platforms to help people get to know your business and to build your brand. In social media marketing, there’s much more to the process than just placing a few posts on these sites and waiting for visitors. There’s a whole realm of aspects of this method of marketing that makes it successful. This centers on a few key areas.
#1: Developing a Strategy
Any good marketing campaign has a strategy. It lays out the details of what you hope to accomplish through the marketing campaign and how you plan to do that. This means establishing goals for engagement – or connections with your customers – as well as building brand awareness. You’ll also need to define who your target customers are, which platforms they use, and what type of content is most interesting to them.
#2: Publishing Content
#3: Listen and Then Engage
#4: Dive in to the
Data
Did that last live video work for your social media strategy? What about that fun post you put up on Facebook? To know how you are doing, so you can tweak and improve, you need to gather and analyze data. There are many times when your company is going to be mentioned on social media that has nothing to do with your pages. You want to learn about that and what it means. There are tools that make this easier, but analytics are critical to knowing where to go.
#5: Advertise, Too
Overwhelmed by the Process?
Social media marketing starts very simply. You just need to put your time in to build pages that are effective, and that connect with your audience. You also want to ensure you’re working closely with professionals who may be able to help you to build a platform and develop the proper content.
Recognize the Results
Why do all of this? To rehash, consider the following:
- Your customers use social media. You want to be where they are.
- Social media marketing is what your competitors are using.
- It’s not overwhelmingly expensive. You can tailor campaigns for just about any price point.
- It’s a proven method of increasing brand awareness.
- It’s one of the most effective methods for building sales and securing new leads.
Because of the way it works, every investment you make into social media is going to produce results for months or years to come. That’s because social media marketing allows people to interact, share, and tell others about you. It also gives them the ability to find answers to their problems faster and more efficiently. Quite often, companies without a lack of social media presence find it hard to compete for those leads.
Are you intrigued by social media? Even if you’re not getting the results you want from the efforts you’ve put into it, there’s a goldmine of opportunity here when it is done well.
Learn More About Social Media Marketing
Are you still wondering if social media marketing is right for your business? The short answer is – it’s a must. Once you learn the ins and outs of how social media marketing works, and why it’s helping so many businesses like your own, you’ll love the results – they’re Mighty Good!
Mighty Good Marketing is a digital marketing agency located in Flowery Branch, GA and serving the metro-Atlanta area. Curious about improving your business’s Social Media Strategy? Contact us today at 1-866-935-5699 or fill out our form to schedule a free consultation.