Social Media for Business: Which Social Networks Should Your Brand Invest In?
Are you evaluating the many social media networks and aren’t sure which would return the most benefit for your investment if you were to build an active presence for your business? With so many choices, kicking off social media marketing can be overwhelming. This article examines:
These are the six social networks covered here:
Criteria for Evaluating a Social Investment
Ask yourself the following questions for all of the social networks to help you decide if your business may want to incorporate the social media platform into your marketing:
Below you’ll find each network’s primary user demographics and the popular content types as well as an example of a brand that has built a loyal and engaged community of followers. While the examples of brands making each network work for them provides a template of what your business might be able to do, what has worked in the past is certainly not the limit to what could work, and it’s important to note that every successful campaign strategy begins with creative and progressive thinking about a brand and the audience it serves. In other words, your brand story could break the mold and be the next case study of a business doing social right.
Pinterest: Visual Candy Collectors
Pinterest users post images to the platform (usually images they came across while browsing the web, sometimes images or graphics they may have created or published themselves) sorting or categorizing them by theme or subject matter which other users can then follow or browse. Pinterest has become a hub of inspiration for creatively inclined people, 4 out of 5 of whom are women. The industry themes that thrive on Pinterest include:
A Brand’s Pinterest Success
Upscale cosmetic retailer Sephora joined Pinterest in 2012. The brand boasts more than 290,000 followers and 6,500 pins showcasing product lines, tutorials for how to use their products and beauty looks created with their products, in other words, their products at work.
Since Sephora began advertising on Pinterest, Pinterest became one of Sephora.com's top ten sources of referral traffic. Not only is Sephora boosting its reach with Pinterest, but it’s also able to improve its offerings via the data collected through it. Sephora learns about their users and the products they are most interested in, along with other key marketing information, by mining their Pinterest data.
How new content will be used on Pinterest is a consideration of every new campaign. "When we create content for our site or emails, we think of additional ways that we can help the story along on Pinterest," said Sephora CMO Julie Bornstein. "We use web analytics to look at top pins, test quote layouts from brand founders, and try different product shots—we spend time learning about what works and experiment often to get it right."
Instagram: Public Diarists
On Instagram, users publish photos and videos (up to 15 seconds) dressed up with filters, user tagging and hashtags. Brands that succeed on Instagram are those with stories to tell, drawing users into the lifestyle the brand is portraying through the vignettes and characters featured in their photo stream.
A Brand’s Instagram Success
The ice cream purveyor Ben & Jerry's reached 9.8 million users on Instagram through a paid ad campaign on the network. The campaign consisted of 4 sponsored images of its ice cream disseminated among a target audience of 18-35 year olds in the U.S. over eight days. The end result was greater top-of-mind recall, brand recognition and product demand.
"Since its launch, Instagram has provided us with an amazing platform to connect with our fans and tell our story visually. Ads on Instagram let us reach and engage with more fans about our flavors, fun and values," said Mike Hayes, digital marketing manager at Ben & Jerry's.
Google+: Conversationalists Plus Max SEO Benefits
Brands leading the way on Google+ include:
A Brand’s Google+ Success
Like many other leading brands on Google+, British chocolatier Cadbury has leveraged Google+ to create conversations via Hangouts On Air.
"The thing that's most different (on Google+) is Hangouts – you can't really do it on any other platform. We've done three hangouts so far. The first one we created a chocolate version of our Google+ page. Then we did a second with Rebecca Adlington, one of the Olympians we're sponsoring … We just met up with one of chocolate tasters and had an informal discussion on the basics of chocolate," said Jerry Daykin, Cadbury's social media and community manager.
"We spent quite a long time with our first Hangout thinking what will we do, when will we do what, and made it quite complicated in our head. And the reality was it's as easy as having a conversation with someone face-to-face ... My favorite feature about Hangouts On Air is the ability to have this really close connection to a small group of people but do it in a way that lets thousands of people see it."
LinkedIn: Consultants, Personal Brands and B2B Reach
Among LinkedIn's users are many owners, presidents, founders and C-Suite executives – i.e., people with the ability to make change, hire companies and acquire new talent. If you are a B2B company, LinkedIn provides a golden opportunity to market your company in front of businesses who can hire you.
A Brand’s LinkedIn Success
One such B2B company advertising on LinkedIn is marketing software company HubSpot. HubSpot uses LinkedIn to distribute white papers, drive traffic to their own site, increase high quality leads, and reach targeted professional industries.
"With LinkedIn, we're able to truly identify our core audience by going a step further and targeting by company, job title, job function and groups," said Dan Slagen, head of paid search marketing at HubSpot. "This gives us the unique ability to tailor messaging and target the exact audience segment that we need."
For HubSpot, LinkedIn advertising resulted in a lower cost-per-click rate than with search engine advertising. Slagen said that the CPC averaged at $3, "which is actually a fraction of the cost of paid search advertising ... on traditional PPC search engines, we've seen average CPC rates that are ... as much as three times higher."
Facebook: Local and National Brands Alike, but Come with a Budget
Facebook has been the dominant platform within the social media sphere for many years. It has the most users, and, speaking to its prominence users’ daily lives, 48% of 18-34 year old Facebook users check Facebook when they wake up. But when talking about Facebook as a marketing channel today, the discussion must begin with advertising.
If you’re considering investing in Facebook for your business, you should understand that you will likely need to dedicate an advertising budget for promoting your content on the network, even among your own fans. Without paid promotion, Facebook reportedly shows brand page content to a mere 1 to 2 percent of a page’s followers. In order for a brand page’s posts to show to its fans and followers, reach must be amplified by paid promotion.
Facebook points to the following industries as leaders in Facebook advertising:
A Few Brands’ Successes on Facebook
On Facebook, national brands and local retailers alike successfully pay to play with the social networks. Global retailer Michael Kors, for example, was able to use Facebook ads to drive more than one million view to its sneaker videos, increasing brand awareness and sales.
Sam's Chowder House, a locally owned restaurant in San Francisco, attributed a 19% increase in guests and revenues to Facebook's promoted posts. The day after their most successful promoted posts, they experienced 58% sales increase and 22% guest count increase.
Twitter: Build Awareness Through Fast Feedback
Compete.com recently looked at the online habits of 2,000 consumers and found that 38.9% of users made online purchases from retailers whose tweets they had seen … compared to only 26.9% of users who made online purchases without being exposed to any tweets. A brand that tweets stands to gain a 37% increase in online sales.
“Consumers who see Tweets from retailers are people who, for one reason or another, are engaged in conversation about or with that retailer. These people prove to also be much more likely to shop and buy from retailers’ websites … The results demonstrate that more exposure correlates with more retail activity.”
A Few Brands’ Successes on Twitter
As with Facebook, brands of all sizes and from all industries are using Twitter. Chicago bakery Whipped Bakeshop used a promoted account to increase followers in Philadelphia and attract new customer. The Barack Obama presidential campaign used promoted trends get keep voters informed in real time and gain record engagement in 2008. The American Red Cross used promoted tweets to drive donations (reaching 100% of its goal) and attract new volunteers.
Next Steps for a Social Media Marketing Strategy
Success in social media marketing is measured by the quality of interactions over the quantity of interaction. No matter how your business’s online social presence develops, it’s critical to determine and track metrics that align with your business goals so you can decide what’s working and what’s not.
As you’re deciding what social network to invest in, determine the metrics you’ll be tracking to measure your efforts. That way, when you’ve launched a campaign to build brand awareness, provide customer service, enhance visibility of your products, and grow loyalty, you’ll be able to tell if your efforts are making progress for your business and adjust your tactics accordingly.