Social Media – a buzz word that is gaining immense popularity among businesses of all sizes, has become something one simply cannot ignore anymore. It’s becoming part of the day-to-day operation of companies and something used often by potential customers.
There are a number of platforms for Social Media, growing almost daily, but there are a few networks that attract huge numbers of users that you should really be paying attention to.
Facebook is by far the most popular Social Media platform, boasting over 750 million active users, of which 30 million are in the UK (that’s almost half the entire population), with 20-40 year olds making up 50% of this number. Facebook offers features such as statuses, photo and video sharing and location check-in, as well as ‘Pages’ which can be used by businesses to have an online presence on the network and a comprehensive advertising platform.
Uses: Promoting events, music artists, venues and service businesses.
Twitter has over 200 million users, with around 500,000 new users signing up every day to use the micro-blogging platform. Over 7 million of these users are in the UK. Users send ‘tweets’ which are 140 character messages, which are publicly available in most cases. Users can choose to ‘follow’ what you are saying and future updates will appear in their ‘stream’. This model differs to that of Facebook, where updates are usually only viewable by those who you are friends with. Twitter is widely used by businesses and individuals to have conversations and share information – the near real-time nature of the network makes for some exciting discussion and the ability for any message spread quickly and to a huge audience is a real consideration.
Uses: Sharing expertise and opinion, one-to-one and group conversations, discussing current affairs and sharing news.
LinkedIn hosts over 120 million users, around 6 million of these are in the UK. LinkedIn is a network for professionals, hosting user’s CVs, achievements, recommendations and group discussions. It also offers job listings and has recently launched the ability to apply for jobs through the network. LinkedIn is a specialist social network, unlike Facebook and Twitter which aim at the mass market. The network is great for networking with other professionals, and perfect for self promotion, job hunting and group discussions among experts.
Uses: Job hunters, B2B networking, Expert discussion amongst like-minded individuals
Google+ is a newly launched social network in June 2011, it is still in ‘field test’ preparing for its official launch in the near future. The network has sparked great interest, promising to revolutionise social media with innovative new features, enhanced sharing and privacy features and a ‘Circles’ feature trying to emulate real-world social interaction where you can share information with circles of friends – allowing you to control who sees the information you post, and filter the information you receive. The network has great potential, but the uses for business have not been clearly identified as Google do not currently allow commercial users. The network is however the fastest growing site in history, with 25 million users registered within the first month and continuing to add up to a million users each day.
Uses: People who are privacy conscious and want to take advantage of simple sharing options.
Foursquare is a location-based social network allowing users to ‘check-in’ to locations they visit, unlocking badges, special offers and sharing where they are with friends, either through the network itself, or linked with various other social networks such as Twitter and Facebook. 10 million users are registered generating 3 million check-ins per day.
Uses: Restaurants, Retail, Leisure Facilities – businesses open to the public. Brands can now claim their own venues, creating specials and to-do items which users will see when checking in. DO THIS! It’s simple, free marketing.
Benefits of using Social Media for business
Firstly, it’s important to note that Social Media is a tool, and forms part of an overall marketing strategy. It will only be effective if you have first established your target market, and you provide content that is relevant to your overall goal.
Social Media opens up many possibilities – there is not a one-size-fits-all solution to making it work, but some real advantages of using Social media are:
- Social media is an effective and cost-efficient tool
- Can help to promote and develop your business
- Can increase product or brand awareness
- Helps you communicate more effectively with your customers
- Most services are free to use
- Potential to reach millions of prospective customers
- Integrates with other types of media and can lead to increased web traffic.
What’s the right choice for your business?
There isn’t a right or wrong answer to this question – Social Media is as much about experimentation as it is about the conversation, engagement and sharing aspect of its success. It’s important to understand that Social Media is not simply a platform to broadcast a message – certainly, this can be done, but the success of this kind of campaign will be limited.
Think of Social Media as similar to conversing with a customer face-to-face – they will not easily tolerate a hard sell, nor will they appreciate being talked at, and not being talked with. Look at your competitors and other similar businesses, see what they are doing on social media and see how you can do it better.
Have you found great success with your Social Media campaigns? what has worked for you? What could you do better next time round? Comment below: