Social Equity: How Google+ Adds Value to Your Business

Many people do not believe in the power of Google+, but when it comes to Social Equity, the network cannot be ignored.

With regards to Google+, a great degree of the power of the network is derived from the reality that Google+ is owned by Google. Anything with the Google backing is automatically worth your consideration, and there is an inherent element of Social Equity added to your business because of it. But to simply say that the Social Equity of Google+ is derived from the fact that it is operated by Google is superficial and, more importantly, a misstatement.

In this Social Equity segment, we aim to define where the value of Google+ lies, and how businesses can profit from a presence on Google’s social network.

The Power of Google

As noted above, to simply state that Google+ matters because of Google is both true and false. It is the favouritism that Google will undoubtedly show signals coming from it’s own network over others that marketers need to be conscious of.

In last week’s Social Equity segment, we discussed the value added to your business from a linkage of SEO and social media. Google+ plays a major role from this perspective due to the fact that +1s on Google+ automatically register to the network as social signal backlinks. That’s a powerful feature. The fact that activity on Google+ can increase your search rankings means an inherent degree of Social Equity. But where Google+ truly stands out is in its Communities.

Google+ Communities

One of the main criticisms of businesses when it comes to Facebook has to do with the EdgeRank system. Effectively, the EdgeRank system is a complex filtration algorithm that prevents “unwanted” content from appearing in your timeline. Why does “unwanted” have quotes around it? Well, the EdgeRank system determines, based on engagement rates and other factors, what that content is; not you. So essentially, a page may publish a piece of content that you might be interested in, but because of the EdgeRank system, it may not show up on your timeline and the company might lose out on a prospective customer. Bad for business.

With Google+ Communities, there is no risk of this happening. When people join these communities, it is because they all share a common interest. Thus, it is assumed that everyone wants to see all of the content being posted to a group’s feed. So where is the Social Equity? Every bit of content you post to Google+ is seen by those who have shown interest in said content, whether that interest is by joining a community or following your page.

An unlimited potential for exposure means that you can constantly be targeting individuals who have come to you. Google+ is a pseudo-inbound marketing funnel. Considering inbound marketing is 62% more efficient than traditional marketing, it is no wonder there is value added to your business from a presence on Google+.

Despite the wealth of criticism Google+ is subjected to, it endures. The fact of the matter is, with the backing of Google and highly valuable abilities when it comes to social media for business, there is a degree of Social Equity involved with Google+ that no other network offers.

How do you find value added to your business as a result of Google+ marketing? Tell us in the comments below or on Twitter!