Businesses Benefit from Strategic Social Media Programs

Bridge to CustomersWhile social networking began as a consumer activity, it has become a crucial component of most business marketing strategies as it allows companies to reach highly targeted audiences with custom messaging to build brand awareness and establish a relationship with the customer who now expect companies to be reachable and accountable.

Business Benefits
Businesses are now regularly using tools such as Twitter, YouTube, Facebook and LinkedIn for hiring, customer support, product development, brand recognition, and, of course, client acquisition and retention. Social media has another benefit: the cost of acquiring customers is significantly lower than placing ads, and creates a lasting relationship.

The benefits of a quality social media marketing program include:

  • Transparent, authentic feedback from your audience
  • Integrates well with conventional marketing programs
  • Reach highly-targeted audiences
  • Improves search engines positioning
  • Lower cost than advertising
  • More long term and wider impact than conventional public relations

Listen first, Act second
Buyers look to objective internet sources to compare business products and services including existing customers who are more than willing to share their experience with these products. Companies can’t control the chatter, but they can learn what customers want.

Brands such as Comcast have made major strides in customer service by listening on Twitter. When their brand is mentioned, they know. When someone has a problem, they help them within minutes. They follow the first rule of social media: listen first, act second. Maintaining a regular monitoring program helps to understand customer sentiment and how it changes as you implement online programs.

Defining Success
Measuring the success of a social media campaign is possible only if you define your targets in advance. Whether they include increased traffic, website conversions or leads, you must have clear targets for successful campaigns, at short-term and long-term time intervals. A few examples of what success might look like include:

  • Gaining a better understanding of your customers
  • Increase brand exposure in ways which were not possible before
  • Reducing costs for achieving the same targets using other marketing tactics
  • Increase sales and conversions

Some great resources to compliment this blog post:

Social Commerce, Social Media Today, November 2, 2010

Content for People, Not Robots, Impressions Through Media, September 18, 2010

5 thoughts on “Businesses Benefit from Strategic Social Media Programs”

  1. Catherine:

    Listening first, act second is a prudent step everyone is addressing now. However, not every business’s customers, especially in B2B are online, thus it takes time to find and cultivate an audience.

    Jimmy

  2. Hi Jim.

    Thanks for your comment. Yes, I agree that some B2B companies don’t know where to find their customers online and it’s crucial to understand this before you can have a successful social media program.

    Best, Catherine

  3. Social media is on rise in present era, almost everything from entertainment to hiring employees is getting through social media.
    Social media emerged as a power suite for marketing as well as quickly information sharing platform.
    We must say, For business firms, social media is one of the key aspects for their success.

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