I've been asked this question multiple times by clients. It's a very difficult question to answer, but I will give it my best shot and try to be as clear as possible.
What is social media advertising?
First of all, let me be clear about what I mean when I say social media advertising. There are a couple forms of social media advertising that can easily be confused.The first form is the most common where your business has a Facebook or Twitter page and you post sales and special deals on your pages for your followers to see.
The other form, which I will focus on more, is the actual purchasing of post views. Your business page can create ads where you pay for each view or 'impression' the ad gets. The best part about these ads is you can target the exact audience you want to reach. Even if it's a 26 year old mother who likes sports and recently purchased a new phone in the small town of Denison, Iowa. (Shout out to my hometown!)
So does it work?
The short answer is, yes, but maybe not how you want it to work. Here's why:A lot of businesses have the misconception that getting more followers to your social media pages means more customers in your store. This is probably one of the biggest mistakes in marketing. Social media for businesses is not meant for a channel of advertising. Advertising is is a bi-product of social media.
All forms of social media advertising are beneficial to your business for one main reason... exposure. The more your business name and identity are seen by your target audience the better your chance to make an impact. Unfortunately that does not mean those new followers will immediately turn into paying customers. So really, even though you can have precise audience targeting with social media ads, there is still the same guarantee, or lack thereof, as other forms of advertising. In these terms, no, social media advertising does not work if your goal is to get immediate reaction on in-store sales.
Make a plan for success.
It is possible to have effective social media advertising. You just need to adjust your purpose with Facebook and Twitter to be in line with your overall marketing goals. Make a plan and stick to your plan.The number one goal for every business on social media should be to build interaction and loyalty in your brand. In today's society we are trained to expect advertising in every setting. And, with our capabilities with the internet and search engines customers are smarter than they have ever been. This is a good thing because now we can focus less on teaching the viewer and more time relating to them. Use your social media to let your guard down with your business (but don't be too loose like this disaster). By interacting with your customers you're building trust and a bond between them and your brand. Relationships are the most powerful branding tool.
Overall, I do suggest using social media for your business in almost any case. It's a very powerful tool and there's so much you can do with it just by experimenting. It's an easy way to gain exposure and even more, get to know who your most loyal customers are and what your customers truly think of your brand.
If you're not quite sure how to make the most of your social media, send me a message and I will give you some pointers to get started. You can email me or visit my website here.
Good luck! As always #BeAmbitious.
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