What is there for marketers to learn from the Financial Times social media strategy?
Visit the Financial Times Google+ page and you will see an innovative use of social media by a brand in an industry that many think is outdated. The Financial Times social media channels looks great on the outside, but there is a lot taking place on the inside as well from which marketers can take a lesson or two.
At a 125 years old, the Financial Times is not necessarily a brand that many would expect to see incorporating social media in such a crucial way. With the exception of a select few, like the Huffington Post, news publications tend to use social media for nothing other than a secondary vessel through which to share information. The Financial Times, on the other hand, has adapted their model to incorporate social media to the fullest, and it is paying off in a big way.
There are two key features when it comes to the Financial Times social media program that make it stand out. First, it is engaging with its broad audience on a number of channels, primarily Google+. Second, the marketing team behind this strategy has been paying close attention to the analytics of their social media efforts, and they have been evolving according to the successes and failures they have experienced.
Below are three key lessons that marketers can learn from the marketing team behind the Financial Times social media success.
Sharing Rich Content
Much like the case study we did about H&M, the Financial Times shares rich, social-specific content to their social media audience.
Their networks do not simply regurgitate information posted to their website, they are sharing much more with their audience in order to keep them engaged.
Engaged with the Audience
And speaking of engagement, this is at the forefront of their strategy. They are not simply sharing, they are talking.
The Financial Times has built their network to its current size by engaging with their audience wherever they could. By listening to what is being said, the strategy was able to adapt and appeal to what the audience wanted. This has proven to be among the most successful factors in their strategy.
Monitor Analytics and Adapt
The only way to grow a social media program is to pay close attention to your results, and use that data in order to expand your network. This is exactly what has grown the Financial Times social media program into what it is.
Few brands – in the media field or otherwise – truly pay attention to their metrics. It is hard to imagine considering the weight put on the measurability of social media. By focusing on their analytics, the Financial Times has managed to continually grow their social presence.
Which of these three features do you think is most important for a brand’s success on social media? Tell us in the comments below or on Twitter!