Which social media network offers you the best bang for your buck (or, rather, the best buck for your business)?
There were a couple of fun facts that came out of the 2012 Social Media Marketing Industry Report that showed that 85% of companies with a dedicated social media platform saw a spike in exposure in their respective markets, and that 58% of companies using social media regularly saw an increase in sales. That said, marketing in the wrong niche might result in missed opportunities. While there are plenty of social networks out there, not every one is apt for a particular type of business, and vice versa. So which social network is right for your business or industry? Here are a couple of insights that might help you figure it out.
Facebook
As one of the most popular sites on the web and the largest social network, it is easy for companies or brands to get lost in the mix. Those that stand out most are the ones that offer engaging, insightful content and try to stay away from too much self promotion. Constantly pushing sales on Facebook might lead people to ignore, or even dislike your brand, and that’s the exact opposite of what you’re trying to get out of your social media efforts. So if brand loyalty is what you’re after, then Facebook is great place to focus your efforts.
Twitter
Again, the concept of self-promotion is one any business should try and avoid when it comes to Twitter. But that is not to say that you shouldn’t be offering your services on the social network. Twitter is the optimal space for engagement, as it is a real-time conversation tool and allows brands and potential (or existing) customers to open up a dialogue. It is there that you can nurture your leads and eventually, turn those leads into conversions. There are also plenty of industry influencers in the Twitter, and as we noted in an earlier blog post, these influencers tend to be posting themselves, so it is a perfect place to engage with them as well. That might be a little harder when it comes to a network like Facebook.
Google+
Google+ might not be a giant compared to Twitter and Facebook, but it certainly should not be ignored. Especially when it comes to marketing efforts. There are certain backdoor search ranking benefits to Google+ that few are taking advantage of. Considering it has Google on its side, it makes sense that there would be that added search element that other networks aren’t necessarily as apt for.
LinkedIn
This is where self-promotion takes on a bigger role. Not in the boastful, obnoxious sense, but in the sense that this business social network allows businesses and individuals to establish themselves as experts, chime in on industry- and expertise-relevant conversation and get yourself out there as the best in the business. There will still always be the process of lead cultivation before they become customers, but at least here you won’t surprise anyone with a sales pitch now and then.
YouTube
People love videos. Search engines love videos. But at the end of the day, it is all about content. Having dozens of videos, be they entertaining, informative or sales-related might be nice to see, but if people aren’t watching them, a YouTube page might not be the best thing for you. So make sure video marketing is relevant to your business or industry before jumping into it.
Pinterest
Pinterest is all about images. And we mean all about images. So unless you’re business or industry is a visual one, Pinterest might not be the best place for you to be focusing your efforts. But if images are your thing, then you certainly cannot be ignoring Pinterest!
Foursquare
If you’re not local, then mobile and geo-targeted marketing isn’t for you. But if you are, working with a social network like Foursquare to target potential customers around your business is essential. Mobile marketing is on the rise, and if done correctly, it can be an incredibly successful social media strategy for your business.
Which social network is best for your business? Tell us in the comments below or on Twitter!