Obviously we all know and understand the benefits from a personal perspective but how does this differ from the point of view of marketing and as such expanding our own businesses?
In a nutshell – It doesn’t!
The main objective of keeping our contacts informed, whether personal or business orientated, is exactly the same…although obviously thought in respect to the content and the management of time in creating a message needs further consideration!
So how much additional time do we need to magically make appear in to our working week to reap the rewards? Now, where’s that wand of mine!
In a recent Social Media Marketing Report where over 3000 professional marketers were questioned, it was found that a significant 88% indicated that their social media efforts had increased exposure for their business by way of:
…to name just a few! The main benefit of all of the above also demonstrated that overall marketing expenses actually decreased by utilising this method of business exposure!
So to achieve such results, ‘how much time?’ I hear you yell!
From those polled, a significant 58% use social media for 6 or more hours per week and 34% for 11 or more hours! In addition, those marketers that have used social media for longer are inclined to invest more time and as such fully understand the benefits that can be achieved!
So how much time do you spend on marketing your business via Social Media? Why not let us know what works for you.
Since the beginning of the year we have seen a slow trickle of UK companies go in to administration such as Oddbins or Focus DIY but over the last week we have had a culmination of additional companies throwing in the towel, such as Habitat and Moben/Dolphin, or some making a last ditch attempt by slashing it’s exposure and changing it’s business direction, such as Thorntons or Jane Norman.
Obviously hard-up shoppers struck by increased taxes, pay freezes and the fear of redundancy are re-evaluating their spending and affecting retail sales. However, is there another approach these previously successful retail companies could have taken to increasing their customer base?
From 20 years of experience in the retail industry I believe the answer is YES. Amongst other marketing solutions including reviewing the look of in store environments, selling equipment, POS and visual merchandising, one of the key aspects would be Social Media. This can be seen by some of the thriving modern businesses succeeding in this challenging market such as ASOS, JD Sports Net-a-Porter, Bang & Olufsen or Marks and Spencer, who have embraced their customers’ needs for receiving up-to-date, refreshing and pertinent information about their offerings via social media channels. They each have vibrant and specific Facebook pages that communicate to clients current snippets of commodity specific information i.e. what’s hot and not, latest new products, new store openings, promotional offers (some exclusive), Sale items….In addition the customers can also personally comment and share their own thoughts. Isn’t great when someone else “Bigs up” your product or service.
Foursquare would also have an amazing effect on engagement with shoppers, giving retailers the ability to communicate their offers and spread the word virally and very quickly. Who would be Mayor of the Flagship store of Marks and Spencer, Next, Prada and the small local high street fashion boutique or even the local Good Looking Optics Opticians?
Videos of product demonstrations and “how to use….” or how to put together outfits from latest collections for that special occasion, uploaded on You Tube would demonstrate a company that is there to help, and would be seen as the fountain of knowledge. Not mention how they would help in Search Engine Optimisation of the company’s website.
So could Facebook, Twitter, You Tube, Foursquare, Linked In, Blogs….and the rest of the social media channels have helped some of our well known high street names? Would it have given them an opportunity to engage through an additional touch point of their brand?
What do you think? Please let us know your thoughts.
In an increasingly crowded Social Media space, how can we stand out from the masses?
Let’s set the scene – You’re at a networking event and as such in a room full of potential clients or business associates. Would you ever be ignored upon approaching an individual to create or build upon a new relationship?! (I’d hope not!)
The Social Media space should be used with the same personal approach and etiquette as with any other face-to-face relationship.
We’ve all done it – received or sent a request to link up and simply utilised the generic text provided by the website…but why!?!
Every avenue of communication on social media should be personalised to make each connection want to engage and talk to you. For example, don’t just approve connection requests – take the time to personally respond to the individual and perhaps ask questions about the person or their business, reiterate where you originally met or refer to a mutual associate. This may sound menial but little things carried out on a regular basis can sometimes prove to be the most powerful!
Obviously it takes time to develop relationships but by adding that personal touch and taking the time to build this into our daily social media activities we can make sure we are remembered for being someone worthy of referring to.
So let’s take the time to say more than just ‘Hello’ to our new connections and stand out from the crowd by developing these online networks.
What do you think? We would love to hear your comments, so please let us know.
