How Do Price Changes Affect Consumer Perceptions?
By Kara FinnertyJun 1
Published April 5th 2018
Marketing always has to adapt to new technology and although we can hardly call social media new anymore, a lot of businesses still haven’t caught up or got to grips with it. So here’s our guide to fixing that.
Social media marketing is any marketing that takes place on social media platforms. Unsurprisingly, this includes a huge range of activities that simply have social media in common. So whether it’s promoting a blog post or running a recruitment drive, if it involves something like Facebook or Twitter, it’s social media marketing.
Ultimately, a lot of the tactics you’ll use are not new or unique to social media – it’s just a matter of adapting to new medium types.
Marketing on social media is pretty much a given for businesses and organizations now. Whether it’s free or with paid ads, social media platforms give you access to huge audiences that you can build and grow yourself.
Of course, technically there’s no “free” option. Someone’s time has to be used to post on social platforms, but even a low time investment approach can work wonders if done properly.
Social media marketing won’t work for everyone, and no one should see it as an easy, low effort way to make money. The best strategies take planning and tie into a company’s overall strategy. Different approaches work for different businesses, but we’ll come to that.
The main thing is that there is potential in social media marketing for most companies, but it’s a rarely a simple matter of sending out a few tweets and waiting for the cash to roll in.
As we’ve noted, there are a lot of different strategies, and the outcomes will depend on the ones you choose. But here’s a very basic rundown of the main benefits of social media marketing:
Gary Vaynerchuck, an expert in social media, sums up why social media marketing is so important: “Think of social media as the Internet. I can’t think of anyone betting against the Internet in 2012.”
First up is building out a list of aims for your social approach. As we’ve said already, how you approach social media marketing will entirely depend on your business.
For example, if you sell a product or you’re a charity, you’ll have very different approaches. Using very general ideas, here are the thought processes a for-profit and a non-profit organization might have.
ProductCo sell some very famous products in physical stores. Their products are very popular so they’ve organically grown a decent following on their social channels, but they’re not very active on them.
They decide they want to use this following to increase both online sales and physical sales, while also promoting new products as they’re released.
This gives us some clear aims to base a strategy on. For example, here are just a few things they could do to begin with:
PeaceOrg are a well-known charity thanks to great offline PR campaigns and TV adverts. Having said that, they’ve never set up any social channels before, so they’ll be starting from scratch.
They decide they want to get involved with social media marketing to raise awareness of relevant issues, promote events, and bring in more donations directly.
In their case, here are a few options to begin with:
This is just the tip of the iceberg, but you can see how two organizations need separate strategies based on aims, outcomes, and where they’re already at.
Nevertheless, here’s some guidance on some of the main aspects of social media marketing:
First things first, take stock of your current position. If you have zero social channels then this isn’t much of a problem – your audit is done and you can get to work.
Other than that, no matter what position you’re in, you’ll want to look at the following:
For more specific advice, check out our Twitter audit guide.
There are a lot of examples of businesses big and small tweeting out something and getting into a lot of trouble for it. Whether it’s a joke gone wrong or a terrible opinion, social media can be a double-edged sword if you’re not careful.
There’s no hard and fast rule for what you shouldn’t post. Again, it depends on you and your business. Satirical and comedy sites can be as funny as they like, and even get away with pushing things a bit far. Your average company isn’t in the same position.
Consider your brand voice. You can get away with jokes, humor, and memes, but only if that suits you and your audience. Social media can be a place to stretch things a bit, but often it’s not worth the risk.
Sit down and prepare for this. Make sure whoever is writing your posts is aware of the reputation the company wants to keep. Make a list of topics which are off-limits. And set out a customer service approach that isn’t always followed to the letter to allow for adaptability.
Also, don’t simply spam your followers with sales links to your products. We don’t go on Twitter to be sold to, but that doesn’t mean we don’t end up buying something while we’re there.
There’s nothing wrong with a few sales-y posts here and there, but think about your messaging. Get people to want to look into your product actively rather than endlessly shoving it in their face and hoping they bite.
We won’t go through all of the platforms here, but do your research about what works where. Formats are different and audiences are different.
A short sarcastic quip can do well on Twitter, but for Linkedin something more actionable and advice based is better.
Do some reading on each of the platform algorithms and just spend time on them to get a feel of how they work.
Tailor your messages appropriately and you’ll get far better engagement, traffic, and interest.
Customer service deserves it’s own section here. Far too often have businesses ruined their reputation by not taking social media complaints seriously, or mocking them outright.
Social media gives us instant and easy access to companies. There’s no phone line in the way, and I don’t have to go to a postbox to send a letter. I just have to go to their Facebook page and I can complain – and it’s public to everyone. That’s a big shift.
The public bit is key. Sure, maybe the complaint is unfounded and unfair, but you still need to deal with them professionally. Blowing up at them will not help and suddenly you could be getting a lot of attention for the wrong reasons.
Our guide on social customer service will give you some more pointers on all this.
This is one of the toughest things to do if you’re not a big, famous brand. There’s no one way to do it, but instead a collection of ways. It is also a slow burner. Take your time, do it properly and you eventually you’ll have an audience who actually engages with you.
Here’s a few steps to take to get you on your way:
While all about the Justin Bieber fandom, we have some great tips in this interview that are applicable to growing a social community.
Creating ‘shareable social content’ is advice often given with no actual advice with it. What is shareable content? What makes it that way? How do I figure that out?
The best and most comprehensive advice I’ve seen on this is Jonah Berger’s ‘Contagious and Chip’ and Dan Heath’s ‘Made to Stick’. You can get both of these pretty cheap and they’re well worth every penny.
To get a good introduction into some of the topics and advice in Contagious, head here for a great diagram and a short talk from Jonah Berger.
In the end, if a blender company can regularly go viral, a lot of companies don’t have an excuse.
These are big business, with companies spending billions worldwide on reaching audiences through Twitter, Facebook, and the rest. For Facebook specifically this has brought some negative attention with people accused of using their advertising platform to try to influence people’s political views.
But don’t let that put you off. There’s far more pressure on social platforms to be more open and transparent about how they work, and so as long as you follow the rules and do things properly, you’ll be fine.
Paid social ads aren’t really any different to other advertising. You try to target a certain segment of people and build ads geared towards them. The only difference here is that you can use social data to build custom audiences to target.
The subject is too vast to go into here, but with platforms suppressing organic reach, more and more companies are using paids ads to get their content and product in front of people.
Take some time to look into each platform in detail. They all work different and come with widely different costs. Either way, they’re a great way to get yourself in front of new people. Don’t write them off.
We have a guide on ROI and paid social that will give you some points to start off with.
Another thing to consider is how often you post. This will often come down to what you’ve decided in your strategy and the kinds of posts you’ll be making.
For example big publishers can post often as they’re continuously creating new stories and articles, and it’s safe to assume that their followers expect and want that kind of content.
For a business it’s a different story. You might not produce content regularly, so don’t feel like you have to post on Twitter all the time. People will quickly get fed up seeing the same press release over and over.
In our case, we post a wide variety of things from blog content to events to webinars, or just comments and normal tweets. If we’re having a slow week in content we’ll look to post older (but not out of date) stuff that we might not have posted for a while.
Many people also set up calendars in advance so they can schedule a lot of posts at once and just leave them to go out. That approach is fine for some, and not for others. Some strategies take a more in the moment approach where you might only schedule a few hours in advance.
If you have loaded up a lot of posts to go out just remember to keep an eye on the news and make sure any recent events won’t make them seem out of place or in bad taste.
Finally, set different schedules for different platforms. For example, posting incessantly on Facebook isn’t going to work, while on Twitter there’s a bigger acceptance of more regular content. The best bet is to test and refine to see what works for you and your followers.
We have a great list of social media management tools here that will help you with this.
Once you’ve gone through everything above, you’ll be ready to really get going. Here’s a few steps, or you can see it as a checklist, to bring everything together:
You can’t measure the results your work without looking at the results. You might be putting some witty tweets out, but are they matching up with the aims you set out at the beginning? Here’s how to to make sure your social media marketing is results-driven.
To start with, social listening tools can do everything you need for this. Our tool, Brandwatch Analytics, can look at conversations across the internet, and also analyze your performance on your own channels in real-time. With lots of data visualizations and useful components, it covers pretty much everything.
There are also a plenty of other analysis tools, which we’ve listed in the pieces below: