infopreneur
5 Reasons Your Online Business Needs Social Media
Marketing online continues to evolve and grow and these days social media takes a front seat in most online marketing strategies as supports the growth of business. The reasons to use social platforms to engage and reach customers are plentiful; here are 5 of the main ones.
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Why do social media managers spend countless hours planning, posting, testing, and perfecting their social media presence online?
- There are 3 billion active Internet users and 2.1 billion of them have social media accounts.
- YouTube has more than 1 billion users, more than a 1/3 of all web users. Each and every day web visitors view hundreds of millions of hours on YouTube that generate billions of views.
- Facebook has nearly 1.4 billion users, that’s 47% of all Internet users. 4.5 billion Likes are generated daily and nearly 75% of Facebook’s revenue comes from mobile advertising. 936 million Facebook users login in at least once daily and 52% of marketers found a customer on Facebook in 2013.
- Twitter has 316 million monthly active users that 500 million tweets each day
- Google+ has 363 million users that hit the +1 button on 5 billion times per day
- Pinterest has 100 million users, 85% of which are women. 47% of Pinterest users purchase a product based on pins, with the average sale being $58.95. 67% of pinned content is from a business site and 82% of Pinterest users would rather follow a brand than a celebrity.
Impressed yet?
These stats are just one reason to use social media to market your business that really illustrate the reach that social media can have on your business, be it online and brick and mortar. Here are 4 more reasons to make social media a part of your marketing plan.
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Social media allows you to reach people at a more personal level. Many social media marketing experts explain that social media is about relationships building, that as a side effect brings about conversions for calls to action. When you connect with people and they connect with you, they are more likely to follow your brand and all it has to offer.
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Social media allows you to show off your best content, and highlight all your brand has to offer. Whether you use text, images, video, or all of the above, you can tailor your campaign to present and impress your target audience with the very best content, products, and services that your brand has to offer. Tailoring your campaign through social media allows you to meet many objectives, including, building brand reputation, customer engagement, a better customer experience through valuable information and any other goals that meet your marketing needs.
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Who isn’t sick of fighting for organic traffic when Google keeps wiping sites off their SERPS with one after another of their ongoing updates? Social media can bring a steady, long term, reliable and ongoing stream of traffic to your sites and blogs, without having to worry that some entity will come along and wipe you out.
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One of the greatest benefits of social media is that you have full control of what is presented about your company, brand, and website to your target audience. You can tailor your marketing plan to meet specific goals and not leave anything to chance. The multitude of tracking, and testing tools available, such as, Klout, SumAll, BuzzSumo, and TweetReach, just to name a few allow you to enhance and tweak your campaigns as needed to constantly improve your efforts to boost conversions.
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There is no better time than now to take advantage of all social media has to offer. If you have an online business and do not have a social media presence then you are behind the times, it’s really as simple as that.
There are many expert guides online to get you started, and educating yourself on the intricate process that is social media marketing is critical to your overall success.
There is also the option of hiring a social media marketing expert. Take care to choose a competent professional, it will not be cheap, but may well be worth it when they bring the results your business needs to succeed.
Characteristics Of An Entrepreneur
The typical characteristics of an entrepreneur include:
*An enthusiastic person with a vision
*The ability to identify new opportunities
*Calculated risk-taking
*Responsible in decision-making
*Overwhelming urge to succeed
*Discipline and persistence
*Confident and persuasive communicators
*Driven by the sense of accomplishment
*The ability to coordinate and manage scarce resources (time, money and people)
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Every business desires to make profits by getting as many customers as possible and in the process increasing sales. There are many ways to drive sales, and one of them that is very convenient and preferable to many entrepreneurs is affiliate marketing. Some people are familiar with the term because they’ve probably heard it thrown around from different quarters. So what really is this type of marketing and what does it entail?
In simple terms, it is a form of internet marketing where the affiliate (person referring customers), signs up for a merchant’s affiliate marketing program. The affiliate then recommends the merchant’s products to customers and earns a commission on every sale made. It’s similar to what used to exist before internet marketing became mainstream; where sales representatives would go out and get customers and then be paid a commission for every sale made. To some extent, this type of marketing also intertwines with some internet marketing methods because affiliates use conventional advertising methods to create product awareness. Some of these methods include making use of search engine optimization tools, email marketing and pay per click.
Affiliate marketing should never be confused with referral marketing as is often the case because the two are very different. The main motivation behind affiliate programs is financial gain as a way of driving sales while referral marketing uses personal relationships and trust to increase the amount of sales. By relying on loyal existing customers and business connections, a business can use referrals to increase revenue generation. In affiliate marketing, you only get paid commissions when you bring in customers and they actually make purchases.
This marketing program requires the affiliate or publisher to use an affiliate link anytime that they mention the advertiser or merchant on their website. When a potential customer visits the affiliate’s website and clicks on the link, he or she is taken to the merchant’s website. At the same time, a cookie gets dropped on the customer’s computer. The customer then makes a purchase from the merchant’s website. As he logs out, the merchant finds a cookie that belongs to a specific affiliate and thereafter makes a credit for the sale in accordance with the initial agreement. For transparency purposes, the merchant avails reports showing breakdowns of the amount of traffic from the affiliate’s link and the sales made. This ensures that the publisher is paid his rightful dues without being taken advantage of by the merchant. The commission payments are usually made after certain durations, on most occasions on a monthly basis. At least that allows the merchant to receive a reasonable amount as opposed to the payments coming in small bits.
The most common compensation method is the one described above where the affiliate is only paid commissions for actual sales made. The cost per click method of compensation is not favored by many merchants because there is always the danger of the marketing program not resulting into reasonable sales numbers. An affiliate can also just sit around and earn money for actually doing nothing. Affiliate marketing is sometimes referred to as performance marketing because of the compensation method.
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What is the secret to being successful on social media?
The answer is simple: delivering value.
This might sound obvious to you, or perhaps it’s just obtuse and confusing. Either way, it’s undeniable and perhaps the best way to explain what I mean by this is to show you the opposite.
Which happens to be how most brands use social media…
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The way that a lot of businesses use social media is to set up their accounts and then occasionally post to them. They’re not posting regularly enough to be considered consistent but what’s worse is the nature of what they’re posting: posts talking about their products and services.
You’ve probably seen these kinds of social media pages in the past. They say things like:
“Our new POS is the best in the industry!”
“Check out our new range of clothing!”
“For service you can trust, give us a whirl”
The thing you have to ask yourself then is: why would anyone want to read that? What incentive are you giving for following your page?
This is something that a lot of businesses simply forget about: in order to get people to listen to them, they need to be offering something in return. The best litmus test you can always use is this: would you follow your own page?
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The solution is to turn your thinking on its head and to change the way you approach social media. Instead of thinking of this as a chance to promote yourself, think of it as a chance to provide an additional free service to your audience. This should be the same audience you’re trying to monetize but in this case you’re offering something completely free whether that is information, entertainment, news or inspiration. Either way, people need to look forward to your posts and they need to know what to expect.
Maybe you sell fitness products? In that case, you could provide a good service to your audience by posting new workout ideas or inspirational quotes every day. Maybe you sell clothes? In that case how about posting images of outfits to give people ideas?
Then, when you want to make a sale, you offer a genuinely exclusive discount. You have the ears and the trust of your audience and now you’re providing a limited time and exclusive opportunity. That’s how you influence through social media!