I’m just going to say it – social media is massively advantageous tool for small businesses – fact. I firmly believe this, and I think if you have a small to medium sized business you need to embrace social media right now if you haven’t already!
There’s a range of advantages to social media marketing, and specifically for small businesses. Social media is a platform that in many ways fits into small businesses’ ethos, workload and budgets. It’s easy enough to do if you know what you want, but has potentially huge rewards. Here’s my top 6 reasons for why you should be using social media as a marketing tool.
1. It’s Free!
It doesn’t cost anything to set up a Twitter profile or create a Facebook page for your business. Even tools that help you manage your social media output are often free, such as Hootsuite and Tweetdeck. Once you’ve set up your profiles that’s it, you’re able to write posts and messages that can reach out to potentially thousands of people.
Advertising on bill board or through TV or print publications costs money, which a lot of small businesses cannot afford. But social media has the power to reach a significant amount of people, thousands or even millions, for free! Even if you want to branch out, for example by paying someone to help manage your social accounts or upgrade social media tools, often it isn’t a lot of money, and is still far cheaper than TV or print advertisements.
2. Bring in those customers
Social media isn’t as airy fairy as some people like to think. It is a practical business tool that can bring in customers. One clear way it can do this is by converting followers or people you have engaged with through your social profiles into actual clients. Believe it or not this does happen. For example, a confectionery company I work with at the moment says that it’s social media platforms are accounting for around 30% of it’s customers. By setting up competitions that spread the word about their product, engaging with followers, inviting people to take pictures and post them on their various profiles and a specially set up web page, the company has been able to entice customers in through social media.
Gaining customers and clients is the aim of the game for businesses at the end of the day. With social media you can have a whole new avenue to help bring them in.
3. Easy business to business marketing
In the same way that you can reach out to and create a customer base through social media, you can do the same with other businesses. Platforms like LinkedIn and even Twitter are now often being used for businesses to get in touch with and communicate with each other and the ease of social media functions enables this to happen more easily.
LinkedIn allows you to build up a network of business contacts and companies who can help you with an array of business needs, such as marketing, finding that new employee, or even sending jobs or customers your way. LinkedIn Groups are another excellent feature in which you can join groups that are relevant to your sector. Here you can keep up to speed with current awareness in your industry, knowhow and articles, plus engage with useful contacts.
Twitter can help you engage with other businesses as it allows you to reach out to them and engage easily. One simple click and you are following a potentially very useful company for your business. You can then add them to a ‘list’ (find out more about this in my Twitter jargon buster), engage easily with them, or they may very well come to you, having spotted you the same way. This is another example of the ‘social’ in social media; these platforms allow you to meet and engage with people from all over, and hopefully people who will be useful for your business.
4. Get feedback on your business
One of the oldest and most useful features of social media is it’s ability to allow comments and all round easy communication between customers and companies. If you have comments open on your website your customers can comment on particular areas of your business, on Twitter they can directly engage with you in a public forum, and the same with Facebook.
This communication can be harnessed as an excellent tool for your business. You can easily get feedback about your products, whether they’re new or old, improvements you can make, comments on new things you have launched, as well as ideas or thoughts on other areas of your business.
Even if things backfire, and you get a complaint these can be extremely useful. If the criticism is in fact correct you have now been made aware of it and can fix the problem quickly. You can work to improve your processes so it doesn’t happen again. Often criticisms are misplaced and this is an ideal opportunity for you to engage with the customer, find out what has gone wrong and help them rectify it, solving their problem while looking helpful to your other customers.
Businesses spend a hefty amount of money on customer feedback and market research. With social media you are able to harness this for free!
5. Give your business a personality
All too often the companies that consumers buy their products from are faceless corporations with no-one they can directly talk to, and no personality they can identify with. Social media engagement allows you to put a human face onto your business, and in particular – your own personality.
Making your messages personal, humorous and engaging will endear customers to your business, and may just be the thing that draws them to you and away from your competitors. This idea of having a human side to your business, of reminding customers that real people are behind your products, and having regular customers who know and trust you, fits in extremely well to the small business model. Many smaller businesses have been doing this for years outside of social media, and it sets them apart from the large corporations. Social media is an excellent platform to show off your human side, embrace it!
6. The power to reach millions
Social media is a huge platform for your messages and to spread the word about your business. TV advertisements and billboards are all very well but less people are using these to find out about new products and services. Nowadays it is the social media and online platforms that people all over the world use to find what they’re looking for. And you are able to advertise on this channel, to millions of people, for free!
Don’t underestimate the reach of social media. Particularly if your social media campaign is done correctly, you will be able to advertise yourself to potentially a huge amount of people. Plus social media channels today have the power to harness particular groups in society, whether they are from a certain age group, geographical area, male or female.
Put it this way, my grandmother started using Facebook recently, and she’s not the first one of her age I’ve heard of that is doing this. That’s when you know that a heck of a lot of people are tuning into this medium – so why not get out there and reach them!