Dear Business Owners, Social Media Marketing isn’t About Sales
As a social media marketing agency one of the biggest things we focus on communicating to new clients is that social media is not about hardline sales. Many of our clients come from different business backgrounds from all over the world and for many it is difficult to correlate money going out with ROI. As business owners they are trying to conduct a constant cost-benefit analysis on social media marketing, but they fail to realize several problems with correlating bottom-line sales and social media marketing.
1. Marketing and advertising include integrated multi-channel strategies.
Social media is not the be-all-end-all marketing medium; it is one tactic in an overall integrated marketing strategy. A brand’s social strategy, email campaigns, print campaigns, Google Adwords, blog posts, and any other form of marketing should all be interconnected and seamless. If your strategy is properly intertwined you should be able to point back to the overall marketing campaign as the reason for an increase in sales or brand awareness. Placing all of the pressure for a sale on one marketing medium is a mistake far too many business owners make. Whether it’s with social media or any other marketing medium, you shouldn’t place all of your eggs in one basket.
2. Marketing and advertising are long-term, not instant.
As with any form of marketing and advertising, social media marketing should be viewed through a macro lens and judged from a long-term standpoint. Traditional ad agencies create campaigns that typically last a minimum of three months, however I would argue that a proper social media strategy requires at least six months of data in order to make any concrete decisions about the value of the current strategy. Many clients are expecting instantaneous results of varying measurements. Some expect immediate sales while others expect to receive 1,000 Facebook likes overnight. Many agencies choose to conduct what I would call “black hat” social media strategies such as buying likes for a low price in order to inflate the appearance of the brand’s online community. The problem with this is two-fold: first this “community” (if you can call it that) is comprised of fake accounts with “users” who will not engage, interact, or see your brand’s message and secondly, Facebook recently cracked down on this fraudulent activity by removing the fake likes from brand pages. These likes provide no value to the business and anyone with a bit of common sense can see that no one is interacting with the brand’s content. At Kuhcoon we create real communities of people who are actually interested in our client’s product or service. This doesn’t happen overnight, but rather organically overtime with a consistent content strategy and targeted ad campaigns.
3. Users are not on social media to be sold.
Nobody logs on to Facebook and says “what can I be sold today?” People are on social media to interact with friends and family, receive real time news and updates, and to be entertained and educated by brands they love. In order to foster a thriving community, brands need to provide some sort of concrete value to their customers or users through their social media accounts. Chances are if the user connected with your brand on social media they already know what product or service you have to offer. They are more interested in what value you are going to provide them outside of a hard sale. At Kuhcoon we use a combination of our proprietary technology and strategies to help brands stand out in the noisy feeds of social media users. Our agency provides our client’s communities with educational value, entertainment, exclusive deals and coupons, direct feedback or input on new products or services, insight into the culture of the company, data-driven content, optimized ad campaign scheduling, and a two-way window of transparency placing customer service as a top priority.
4. Social media marketing and advertising are about building brand equity.
For many brands social media offers a clean slate to begin fostering a new community of brand advocates and long-term customers. For the first time social media has placed every business on an equal playing field, forcing businesses with years of built of reputation to start from scratch and build up a customer base on various social media platforms. When a business starts a social strategy they should think back to when they started their business: they had to build their reputation and customer base one by one over a period of several months or years. Building a social media community is no different; your business needs to build up the brand reputation and community overtime; not overnight. At this stage in the social media revolution, business owners recognize the need to be active on various social media platforms; but often lack the understanding, time, and money necessary to execute a strategic plan revolved around building the digital version of their brand.
So what is the point of social media marketing?
Social media has forever changed the way we communicate and conduct business. Facebook has over one billion users, whether the social network king stays on top is up for debate; but it’s pretty safe to say social media won’t be going anywhere anytime soon. According to BIA/Kelsey the local spending on social media was valued at about $3.8 billion in 2011. By 2016 this spending is going to reach $9.8 billion as local business owners knowledge and understanding of social media increases.
The value social media provides to a business is very dynamic. It goes beyond the basic sales cycle and delves into the complex relationship between a customer and a brand. It serves as a platform where current relationships with customers can be nurtured and new relationships can be formed. Traditional advertising is the marketing medium that creates awareness for a brand, whereas social media takes the customers that are already aware and molds them into loyal brand advocates. Customer retention is important to any business and social media provides the medium for a two way street of interaction, value, and superior customer service. The business must interact and provide external value outside of the “sale” itself. Social media is about humanizing your business, building relationships, and creating a conversation around your brand with loyal brand advocates.
