Wednesday, September 8, 2010

Social Media Marketing: Part of Your Overall Marketing Mix


Written by Ann Liu

Speak­ing of Inter­net mar­ket­ing strat­egy, Search Engine Opti­miza­tion (SEO), Social Media Opti­miza­tion (SMO) and Search Engine Mar­ket­ing (SEM) go hand in hand.

A web­site with­out proper Search Engine Opti­miza­tion (SEO), no mat­ter how attrac­tive, it will never be vis­ited. If you want your firm’s web­site to be vis­ited, it must first be found. For poten­tial client or cus­tomer to find your site, it must be located by search engines.

There are many strate­gies and tac­tic can help your achieve that, social media or net­work mar­ket­ing, just one of the many pow­er­ful online mar­ket­ing strate­gies in which you should use as part of your over­all mar­ket­ing mix, espe­cial for the SMEs and SMBs (Small Medium Business).

A recent study report from eMar­keter notes that, the social media mar­ket­ing band­wagon is fill­ing up. Accord­ing to Equa­tion Research — “2009 Mar­ket­ing Indus­try Trends Report”, the sur­vey of US brand mar­keters found the major­ity already using social media.

brandmarketers

Based on the respon­dents report, among brand mar­keters, 37% did not know enough about social media to begin, and another 37% said there was no good way to mea­sure its effectiveness.

The most pop­u­lar social media chan­nels for brand and agency mar­keters were Face­book, Twit­ter, online videos and blogs. eMar­keter high­lights the con­cept of “one-to-many” mar­ket­ing tac­tics and their abil­ity to pro­vide real results.

In a ear­lier study dug up by eMar­keter in Jan 2009 said: lots of small busi­nesses plan to increase their spend­ing on social net­work mar­ket­ing in 2009. In fact, 25% of the small busi­nesses sur­veyed by Ad-ology Research indi­cated that they would increase spend­ing on the medium this year, a higher per­cent­age than any other mar­ket­ing format.

onlinemarketing

From above sta­tis­tics and study results you can see, social media is mov­ing up a gear and becom­ing more main­stream as a busi­ness tool. Today, any entity used to medi­at­ing and con­trol­ling its publics will have to face this par­a­digm shift and engage in online con­ver­sa­tions if it is to stay rel­e­vant to its audiences.

How­ever, in order to use social media mar­ket­ing strat­egy effec­tively, there is still a learn­ing curve busi­ness needs to over­come. If your firm wants to join the con­ver­sa­tions, here are some basic things to help you get right.

Cost Effec­tively

The bar­ri­ers to enter­ing into the social media are zero, except your time, it costs noth­ing to set up and man­age a Twit­ter or Face­book page. This is espe­cially a great mar­ket­ing strat­egy to use in a reces­sion time, because social media has readily-available met­rics, you can start from learn­ing what works and what doesn’t, together work on the mon­i­tor­ing process toward your return in investment.

Empower Your Employ­ees and Engage them with Purpose

Use your inter­nal resources, find peo­ple who are pas­sion­ate about social media within your orga­ni­za­tion, put your trust in and assign the job to them, let your social media-savvy employ­ees take the respon­si­bil­ity and do their job on your behalf, but as themselves.

How­ever, if you don’t have capa­ble employee for car­ry­ing out the duty, or if you think it is a waste of time to let your own staff do the work, or the cost is higher com­pare with out­source the job to the vir­tual assis­tance or mar­ket­ing agency, and then you should out­source it and let the third party han­dle the tasks for you.

Get­ting Closer to Your Customers

Due to the fast pace of tech­nol­ogy devel­op­ment, together with the impact and influ­ence of eco­nomic, polit­i­cal and social cul­ture changes etc, the mar­ket today move fast, con­sumer pur­chas­ing behav­ior change faster than ever, they pre­fer to read and lis­ten to opin­ions about prod­ucts and ser­vices from fel­low con­sumers, their peers and friends more.

Social media is about under­stand­ing the nature of cus­tomers and nur­tur­ing it. So when your com­pany plans to imple­ment­ing the social media mar­ket­ing strat­egy, remem­ber — don’t inter­rupt their nat­ural con­ver­sa­tions with cor­po­rate spin and one-way mar­ket­ing mes­sages. You need to fos­ter a val­ued, trusted, authen­tic voice to get heard in the babble.

Get Pre­pared, Be Read to Lis­ten, Cus­tomers are Speak the Truths

On the social media plat­form, cus­tomers do speak up and speak the truths, they tell things to you straight way, and they will not go around. So you have to pre­pare your­self, be ready to lis­ten and accept what they said, no mat­ter they crit­i­cize or praise your prod­uct or services.

For exam­ple, Dell dis­cov­ered from its Twit­ter pres­ence that peo­ple thought its cus­tomer sup­port cen­tre was abysmal. They took mea­sures to improve the ser­vice based on the cus­tomer gripes that they picked up on Face­book comments.

Finally, when your com­pany on the social media, you need to con­ver­sa­tion wisely, and you should think before you post or tweet because social media is about immediacy.

And see your cus­tomers as your allies; make rela­tion­ship with them first, not just as peo­ple to sell to. They are your real brand value, so value their online con­ver­sa­tions about you and with you.

If you enjoyed this post, please con­sider leav­ing a com­ment or sub­scrib­ing to the RSS feed to have future arti­cles deliv­ered to your feed reader.

About the Author

About Ann Liu
Ann Liu is a certified professional Internet marketer, author, infopreneur, e-marketing consultant. She is also a passionate blogger. Signup her newsletter or RSS feed to receive her latest news, tips and articles at MarketingbyAnn.com. You can follow her on Twitter and Facebook too. If you enjoy this above article and want to use it on your own website, you are welcome to use it, ONLY if the Author's Resource Boxes is included. Thank You!


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