5 Reasons Your Business Must Have a Social Media STRATEGY | Resourceful Business | Summit, NJ

5 Reasons Your Business Must Have a Social Media STRATEGY

According to a recent Pew Research Center study, 69% of US adults use Facebook, 37% spend time on Instagram, and 22% use Twitter. 

If you believe in the four principles of marketing–Product, Price, Promotion, and Place–the audience reach alone of social media makes it an essential component in the successful execution of a marketing strategy. A fifth marketing pillar, Purpose, as described by Mark Schaefer in Marketing Rebellion, only adds to the importance of social media as a marketing tool. However, the sheer volume of posts and ads in the newsfeed means that a hit-and-miss approach to social media will no longer work. You have to have a STRATEGY. 

Here are 5 reasons your business must have a social media strategy: 

1. Facebook Zero is real

There has been a precipitous drop in organic reach for Facebook Company pages since 2012. Organic reach includes content not accompanied by a paid ad. Facebook has been continuously tweaking the algorithm to prompt marketers and business owners to pay for ads to push out their content. According to Key Media Solutions, in 2012, the organic reach of a Facebook Page post was 16% and that number declined to 6.5% in 2014, 2% in 2016, and is less than 1% today, hence the term Facebook Zero. Also, Facebook has telegraphed its shift to Facebook Groups over Facebook Company pages, so organic page reach will not return. Because an effective social media presence for brands now requires an ad budget, there has to be a social media strategy in place to establish, monitor and revise the ongoing ad spend. 

You can grow your audience with social media tags | Resourceful Business | Summit, NJ

2. You can grow your audience with social media tags

Not to be confused with hashtags (#), tagging (@mentions) is an incredibly powerful feature of social media. When you tag a person or business in social media content with an @mention, the tag calls them out in a positive way and gives recognition. Tags hyperlink back to the tagged entity’s social media and also notify the person or business that they have been tagged. When you take the time to tag relevant businesses or people in your posts, they often will share and comment on the post and in doing so, will widen the reach. Tags utilize the audience reach of others and build engagement. They can bring attention to your brand and are a unique feature of social media. 

3. Social media platforms are essential for reviews

According to Vendasta, the top 10 online review sites for businesses include Facebook, which is ranked second behind Google, and Yelp, which is placed fourth behind Amazon. Yelp is particularly important for retailers and restaurants and as of the end of the third quarter 2018, had over 170 million reviews. Because people spend time on social media, it’s a natural extension to add reviews there. Also, social platforms allow you to add your company website in the profile information and can drive traffic back to your website as happy reviewers go in search of more information about your brand. Because your brand’s digital footprint is connected across all platforms, make sure to clean up your social media information and ensure the address, phone number, and contact information for your business are consistent across all social platforms. 

In 2012, the organic reach of a Facebook Page post was 16%, and that number is less than 1% today.  –KeyMedia Solutions

4. Social media imagery can showcase your product

Social media has the unique advantage of coupling a constant stream of images with the content you create. It’s why many brands now embed their Instagram feed right on the website homepage allowing site visitors to see and click-through to the brand’s Instagram posts. In an interesting article by Buffer that analyzed Tweets with and without images, they found that Tweets with images had higher click-through rates, retweets and were more often marked as Favorites. Social media gives brands the platform to showcase their products or services and utilize User Generated Content (UGC), or content created by other users, which the brand can share on its feed. 

5. You can interact with your customers using social media

Whether it’s a question from a client via Facebook Messenger, an answer to a question posed via your Instagram Stories, or a click-through to your online store, social media platforms are interactive and bring you closer to your customers. Social listening, the process wherein brands evaluate feedback from their customers garnered via social channels, can help flag business issues and drive strategic change. The feedback may come in the form of a review, comment, or direct message. There’s no better way for a potential customer to ask a question than via social media or messaging app. 

Shopping via social media is becoming frictionless, too, with many social platforms like Instagram ensuring the shopping experience remains in-app. In the same way, many brands now integrate Facebook Messenger as a chat option on their websites, and the integration is free, so yet another way to interact with customers. It’s worth mentioning that customer queries need to be answered in a timely manner. According to HubSpot research, 90% of customers rate an “immediate” response as important or very important when they have a customer service question, and immediate means in 10 minutes or less.  

The power of social media is that it puts customer reach in the palm of your hand. Whether you are engaging with customers, collecting online reviews, or growing an audience with tools like tags, social media must be part of your marketing wheelhouse. Interactivity, versatility, and unique functionality are just three reasons it makes sense to put a rigorous, thoughtful social media strategy in place for your brand. 

how to market your business with facebook

How to Market Your Business With Facebook

Facebook is one of the most powerful marketing tools available. When a company has a strong core business and then layers on well-executed Facebook marketing, it’s transformative. Sort of like the expression “building strong communities one child at a time,” Facebook marketing can be a game changer for businesses with high impact results built one campaign at a time.

Surprisingly, many companies, both large and small, neither prioritize social media nor feel like they have the time to commit to it. To the extent that there is a social strategy in place, results are neither tracked nor measured. Many people perceive Facebook as a social network rather than a powerful marketing platform. But, if you’re a business owner and you are not actively using Facebook to market your products and services, you are missing a huge opportunity to find, reach and connect with your customers.

Here are 10 ways to market your business with Facebook:

1. Boost your Facebook posts

The numbers are grim. According to an article by Social@Ogilvy, organic reach, people who see your Facebook post without any paid advertising boost, amounts to approximately 6% of your followers. For Facebook pages, the primary tool for business, it is closer to 2%. Social@Ogilvy’s prediction based on their interactions with Facebook is even more bleak,”Organic reach of the content brands publish in Facebook is destined to hit zero. It’s only a matter of time.” So, if your social media strategy includes posting to Facebook without a paid social strategy, you are not reaching the vast majority of people that follow your page.

Facebook Tip #1: Create an audience in Facebook Ads Manager, and boost your posts. If your business is small, even a dollar or two spent per post will dramatically broaden your audience reach.

2. Add images to every Facebook post

Facebook posts with a picture outperform ones without – dramatically. According to BuzzSumo, “…updates with images had an amazing 2.3x more engagement than those without.” Every Facebook post should have an image, and the abundance of high-quality free stock photo sites makes this task an easy one. Instead of having a Facebook page that looks like a mishmash of posts plus the occasional image, represent your business with great pictures and thoughtful copy every time you post.

Facebook Tip #2: Add images to each and every Facebook post. Use free stock photo sites like Pixabay, Pexels, or Stock Up to find them. WhoIsHostingThis also has a list of close to 100 free stock photo sites. If you are curating the post content and you don’t like the attached image, you can still upload your own graphic and make it the primary image for the post.

Facebook location filter3. Use demographic and location filters when setting up Facebook ads

Facebook has an incredible array of audience targeting options. You might be surprised just how granular the targeting can be. When setting up Facebook ads, filters help you zero in on the audience you are trying to reach. In addition to age, gender and location, one filter that is often overlooked is net worth. If a business sells high-end homes, luxury cars or exclusive experiences, for example, it’s not a bad strategy to use the net worth income filter. Another important filter in the suite of audience targeting tools offered by Facebook is location – the ability to target a certain radius around a city or even a certain zip code.

Facebook Tip #3: Identify and then target your ads towards potential customers by using relevant demographic or location Facebook audience filters.

4. Consider trying the new Store Visits Facebook campaign

Location based businesses want to know whether social media campaigns drive foot traffic into their stores. Facebook has introduced a Store Visits campaign option. The idea is that if you have a bricks and mortar business, you can create an ad and Facebook will show the ad to people most likely to be in that area. Apparently, Google plans to roll out something similar for display network ads.

The Facebook Store Visits campaign has limited metrics. We recently compared the results for an established Google remarketing campaign against a Facebook Store Visits campaign over a one month period. We had the same marketing dollars applied to each and it was the same client – one month we tried Facebook Store Visits and one we kept the original Google remarketing campaign. Website traffic and Facebook referral traffic to the website were markedly down using the Store Visits campaign, so our conclusion is there’s still lots of work to do on this front, but it’s the right idea for sure.

Facebook Tip #4: Use the new Facebook Store Visits campaign option in addition to, not in lieu of your current marketing strategy. The idea of in-store foot traffic as a measure of social media conversion is here to stay.

Facebook pages to watch5. Set up Pages to Watch in Facebook Insights

This Facebook feature is really useful. In Facebook Insights, there is a section called Pages to Watch. You can add Facebook pages for your competitors and look at comparative metrics such as Total Page Likes, Posts This Week and Engagement This Week. If the engagement for one of your competitors’ Facebook pages spikes or is consistently strong, Pages to Watch serves as a reminder to see what they are doing.

Facebook Tip #5: Use Pages to Watch in Facebook Insights and track 5 competitor Facebook pages. Set a goal to surpass their metrics and be cognizant of what they are doing, and see if your page can climb to the top of your Pages to Watch list.  

6. Post videos on your Facebook page

According to TechCrunch, over 8 billion videos are watched on Facebook every day. It’s equivalent to 100 million hours of time that people are watching video on Facebook. Even more important, Facebook is rated as the most impactful social channel for video — 8.4X higher than any other social channel, according to Animoto.

Currently, a Facebook video can be up to 45 minutes in length while Instagram, by comparison, only permits video uploads of between 3 and 60 seconds. The ability to upload lengthier videos on Facebook makes it a versatile, robust video platform.

Facebook Tip #6: Build video into your marketing strategy and post videos on Facebook. As of June 2017, you can use a video for your Facebook cover too.

negative online reviews7. Collect customer reviews on Facebook

A steady stream of online reviews has become the new normal for business. In a list of top 10 review sites, Facebook ranks #2. With an estimated 214 million Facebook users in the US and 1.94 billion monthly active users worldwide, it is an ideal platform to collect online reviews and respond to customer feedback. Positive reviews on 3rd party platforms such as Facebook are credible social proof for your business and drive revenue, foot traffic, and consumer purchasing decisions.

Facebook Tip #7: Activate the Reviews Tab on your Facebook business page so that you can collect online reviews and engage with your customers. Answer your reviews promptly and professionally.

8. Encourage Facebook check-ins

When customers visit your business, they can “check-in” on Facebook, an option which tells others via the news feed that the customer is at your business. Depending upon what audience the customer chooses, either the public or just friends can see (s)he is at your business. Could there be a better endorsement? In addition, the person checking in at your business can tag friends, upload photos and write a post. As a business owner, you should LIKE the check-in post as a way to say – we’re glad you’re here!

Facebook Tip #8: Take advantage of Facebook check-ins by reminding your customers to check-in while they are at your business. If you’re a retailer with free samples, put some in a basket on your counter and let customers choose one if they check-in. Check-ins are an easy and effective way to get the word out about your business to people who may not otherwise know about you.

Facebook Wi-Fi

9. Connect to more customers with Facebook Wi-Fi

If your business offers guest Wi-Fi, Facebook Wi-Fi is an interesting way to advertise your business, reinforce your brand and build engagement with your Facebook page. Once you set it up, the way it works is that when customers want to access your guest Wi-Fi, they are presented with two options. If they check-in on Facebook, they get immediate Wi-Fi access. If they don’t want to check-in, they can still input your guest Wi-Fi password as normal and skip the Facebook check-in. As mentioned in #8 above, check-ins are broadcast on other people’s Facebook news feeds, so it’s great advertising for you.

Facebook Tip #9: Set up Facebook Wi-Fi and actively add your promotions on your Facebook page. When people check-in to access your Wi-Fi, they can see business specials, events or announcements that you have posted.

10. Give an insider’s view with Facebook Live

Facebook Live gives you the opportunity to live-stream broadcasts to potential customers and see their reactions and comments. You can give an insider’s view of what you do behind the scenes or offer a longer how-to instructional video. As you build a following, people can choose to get notifications when you are streaming, and there is even a Facebook Live Map so people that may not know about you can find Facebook Live videos currently in progress.

Facebook Tip #10: Interact with your audience using Facebook Live. Give them a glimpse of an event on location, a walking tour of your store or even share your desktop screen and offer a tutorial.

Every company, no matter the size, can use Facebook to market their business. It’s one of the most versatile, impactful marketing platforms available, and much of what you can use is free. What’s not to LIKE about that?

If you need help with your Facebook marketing or don’t know how to get started, contact us.