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October 21st, 2009

Developing Social Media Strategy - 101

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Developing Social Media StrategyThanks to one man’s initiative in which he decided to use the social media for business purposes and began marketing his product and services extensively on social media websites, a large number of businessmen have begun using this excellent marketing strategy for getting in touch with their potential clients on the Internet. That is the reason why Facebook, YouTube, Multiply Gather, Twitter and Friendster are being used by farsighted businessmen for marketing their products to visitors online.
If you have full intentions of doing the same thing you would want to develop a social media strategy, which is not only effective, but manages to give you profitable returns at the end of the day. You start the strategy by signing in on a number of social media websites.
The point is to introduce yourself to the general public and show that you have a face behind the company. After that, you are going to start a methodical download or upload of a number of videos, photos, as well as music; any sort of media which includes information about your product, company and services comes under the social media network marketing strategy.

Even though the services are free and thousands of blog posts are entered on these websites every single day, a businessman is going to have a much better chance of having his blog read, by people who are interested in his particular products. This naturally is a much better way of marketing and advertising than spending lots of money on ads in journals and newspapers.
That is the main reason why many marketing firms have begun using social media websites in their marketing campaign.

To begin your social media strategy and marketing campaign, you need to set out one particular goal. What is the name of your company and which target market are you interested in? Which particular social media site caters to that particular target market? You are naturally going to be doing a little bit of research on these sites.

Your job is to make new connections, and to tell your already existing clients and connections that you are alive and ticking. This is at the top of your priority list, especially when you are building a new marketing strategy which includes social media.

Social media has taken the old marketing strategies of using market surveys to find out the opinion of general consumers, regarding some particular product, to the new stage of free discussions on the product quality, online. That is why you have to keep in touch with the pulse of the general public and that can only be done by looking at the reviews, views, and discussions going on in forums.
You need to go out amongst your clients and general public and become visible. You need to make sure that the customer service is so perfect that any problem is solved within 24 hours.

The Customer is King and never more so than when he is sounding off online. One unhappy customer is quite capable of losing you more than a 100 prospective customers in the future. So when you go online and manage to talk to your customer about his problems, it shows that you care.
This marketing strategy is not only going to make your social media presence quite strong, but it is going to do wonders for your future business prospects. This also includes taking part in a number of forums online and explaining queries and FAQ’s to any prospective client, who is interested in buying your product in the near future.

Extensive research needs to be done so that you know exactly who your customers are and where they can be found. You could use Technorati, through which you can find blogs and websites related to your product, through a search query. You would also want to try out the marketing scope of Twitter. It has a really good search and monitoring tool called Twitscoop.

Once you know about the specific needs and requirements of the customer, you would want to tell them that you are capable of giving them a product, which deals with solving that particular requirement and need.
You would need to measure The Traffic with Google Analytics, Social Mention and Tweetreach. These free tools give you a broad idea of how positive your participation in the discussion was and you can base your communication strategy using the data obtained by these tools.
Once you have found a good social media strategy, which works, stick to it!

Image Courtesy : http://ictkm.cgiar.org/2009/07/29/social-media-the-next-revolution/

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