Why is social media so important to attract consumers? Consumers all around the world are linked by social media. Social media enables people to connect with one another and make decisions about what they want to purchase. Platforms like Facebook, Instagram, etc. make it easy for users to see instant reviews on products, how expensive a product is, and what is being endorsed by influencers. Obtaining a global connection is vital for a company. This article is going to give you an in-depth understanding of the importance of social media marketing, and more specifically, why social media marketing is useful for businesses.
Importance of Social Media Marketing
Social media marketing is of extreme importance for every business these days. There are several benefits of social media marketing. Every single platform allows customers to engage with different companies and explore products that will satisfy their needs. Online users represent 59% of the world’s population, so marketers certainly want to capitalize on this opportunity. There are a multitude of reasons social media marketing is important, but I am going to touch on how it allows you to get users familiar with your brand, understand competitors better, increase your ROI, and build relationships with your customers.
Familiarize Your Brand
Having social media presence allows you to make your brand known and showcase what you stand for. If users have never heard of your brand, this will introduce them to it and give them insights on what you offer. Brand reputation is a key component of a company. Companies like Louis Vuitton, Chanel, and a plethora of others sell strictly off the basis of their name and prestigious qualities. It is all about the status quo that drives the brand. When people hear their names, they automatically associate these companies with classy, high-quality brands. It determines their social status in society as well. As your brand reputation increases, so will your sales. The two are directly related.
Understand Competitors Better
Business profiles are available for just about every company on social media. This is a great opportunity to understand your competitors and their customers. Conducting research on your competitors can be costly, but using social media is free. You can see what kinds of comments your followers leave and what posts drive the most engagement.
Additionally, you are able to see what new products your competitors are releasing that could pose a threat to your company. It also allows you to analyze their customer service and what they do well and what they need to improve upon. This can spark ideas for your own business as well. Ideally, understanding your competitors can make you more informed and help you gain more market share.
Increase Your ROI
The cost of advertising on social media is relatively nothing. This means your company will have a greater budget to spend on other attributes to strengthen the company. This would entitle you to more revenue when all is said and done. Digital marketing allows you to reach millions of users in just a few clicks.
Build Relationships with Your Customers
If you connect with your customers, this will make them feel inclined to purchase from your company. You can create posts and quizzes that actively engage your target audience and allow them to form a relationship with your brand. This will ultimately give you more insights on what they want and how to cater to them. For example, you might find that your target demographic likes a certain color or scent and you can implement these preferences within your products. Once you start building relationships, then these customers will refer it to their friends and so on.
Importance of Social Media for Businesses
In this day and age, businesses could not operate without social media presence. One of the most beneficial things social media can do is enhance your SEO ranking. SEO, or search engine optimization, can make your company more prevalent online. Social media can also help companies engage with their customers through reviews.
What is SEO?
SEO is the ability of companies to increase their quantity and quality of traffic to their websites through organic search engine results. Quality of traffic refers to how and why customers get to your website. You want customers to get there based on the products they are looking for and having them align with what you offer. Once you find the right customers, you want as many of these to come to your website as possible. This is the quantity portion of SEO. Organic search engine results are results that show up without being paid for. Companies can pay search engines money to make their result the first one that shows up. This is extremely costly, so you want your company to show up naturally.
How it Works
The most basic way to think about SEO is searching a term or idea on the internet and having results bring up the website that best responds to the search result. This is true, but it is more intricate than this. Google and or any other search engine have something called a crawler that gathers information from the internet. Next these crawlers bring back 1s and 0s to ultimately create an index. This said index is fed through an algorithm that corresponds data with your query. The higher a website is ranked by search engines, the more likely their website will show up when customers search topics that are relevant to the company.
Why is SEO Important?
Online traffic is primarily driven by search engines like Google. It has actually been found that organic search results receive more clicks than paid advertisements. SEO can also consistently provide dividends over time. If your information is of good value and importance that earns rank for the specific keywords, your traffic has the ability to snowball over time. SEO creates unity. It allows customers to identify your brand with keywords they searched. This can also increase your brand awareness and next time they will go straight to your site when searching for a related product.
Social media has the ability to inform you of what customers like about your products and where they wish to see improvements. Comment sections are a great spot to see what customers are saying to one another. Your company can then respond to customers and give recommendations or just show that you care about what they have to say. Showing compassion can help your CRM and what kind of culture your company exhibits.
What Social Media Platform is Best for Your Company?
You might be asking, which social media platform is best for my company? The answer: it depends. Each social media platform caters to a different platform. Some platforms are better than others depending on your products and how you wish to advertise them. The three social media platforms I am going to talk about are: Facebook, Instagram, and one that has newly emerged, TikTok.
Facebook is a social networking site that makes it easy for friends and family to connect. In order to connect with a person, you must send a friend request and obtain a mutual friendship. Once a friendship is made, you are able to see and interact with all of that person’s posts. Facebook targets an older demographic. If you are a company whose target market is middle-aged women, Facebook would be perfect for you.
Instagram is also a social networking site, however, it is quite different from Facebook. This app allows users to follow one another and does not require both parties to be mutually following each other. Posts on here are typically more casual, and users follow people they have never met. If you are targeting a younger demographic, it will benefit your company to have a presence on Instagram.
A newer social media platform that has recently emerged is TikTok. TikTok is a video creation platform that allows users to create short videos up to a minute long. TikTok is notoriously known for its iconic dances and hilarious content. The users on here are the youngest of all three social media platforms we have discussed. If you want to reach the pre-teen and teenager demographic, TikTok is the right place for your content.
Why is Social Media So Important to Attract Consumers?
Social media clearly plays an important role in businesses and taking you to the next level. In a world based upon technology, exhibiting a great social media presence will help your brand. Customers are no longer placing as much value on print ads or television ads as they are on social media. The great thing about social media is that users go on it as a leisure activity and are normally in a good mood while they are using it. This allows your company to showcase what you have to offer and how your products will benefit them, while maintaining their full attention.
If you need help creating effective content on social media or increasing your digital presence be sure to contact experts at SEO Design Chicago who can enhance your social media.