Showing posts with label start ups. Show all posts
Showing posts with label start ups. Show all posts

Wednesday, 4 November 2015

10 Tactics to Build Quality Social Media Presence – Startup Tips

Someone on Twitter asked this:
What would you recommend to #startups looking to build social media presence?
Startups are highly results-driven. Well, every business is (and should be). With the so many “experts” and “gurus,” where should you begin? It’s a jungle out there, and information can be overwhelming.
I wrote this article for:
  1. Startups who wanted to jumpstart their social media presence;
  2. Any business that is new in social media;
  3. Business owners who are not keen on simply “winging” their social media presence; and last but not least,
  4. The startup company that asked me the question.

10 Tips to Build your Social Media Presence

Your goal should precede your concern over choice of platforms | Tip 1

Worry about your goal first!


I often come across businesses who ask which social media platforms they should use. Doesn’t that seem like putting the horse before the cart? It is a reasonable question to ask, but concern for such should not overtake concern over your goal.
Be clear about your purpose for using social media marketing.
Having an explicit goal to focus on is like driving. The brain, if you notice, has the tendency to cause the car to swerve toward what the driver is looking at. You observe what’s around you, including the competitor, but your eyeballs should be primarily toward your destination. You can navigate through traffic or take another route, but that does not change the destination. .
Question for you to answer: What is YOUR goal for your business startup?
I cannot stress enough the importance of knowing the answer to that question. A defined goal helps your team plan strategic & measurable steps; while, in the process, you also keep resources in check as you strive to reach it.
It can be used as a tool to achieve either of these goals:
  • increased email subscribers
  • grow profitability
  • get leads
  • more website traffic to your website
  • improved customers service
  • increased brand awareness
…and more!
Understand that each goal may have different actions or call it tactics, if you will, that your team might need to develop. That is why with the reality of having stringent resources and the desire to have to scale it, you have to be clear about what you want to achieve. One way to do this is by determining your key performance indicators. You can take a hint from Facebook to establish what may be your preferred key performance indicator or KPI to reach a marketing objective for your business success.
Facebook has the following, as an example:
  1. Book Now – For if you would like people to book appointments with your company;
  2. Use App – This is ideal for technology startups who would like people to try your app;
  3. Contact Us – This is if you would like people to contact you directly if they have any question. Get a live link to your website’s “Contact Us” page.
  4. Shop Now – This is a perfect option if your startup business has an e-commerce site where your fans can purchase your product or service;
  5. Sign up – This is if you would like to get more subscribers and if you are building your mailing list. Did you know that 50% of site visitors NEVER return to your site? So if you are paying ad to drive traffic to your site. The best bang for your back is to marry that up with your mailing list.
  6. Play Game – This app is perfect if you have a game that you have developed.
  7. Watch a video – This is perfect if you like to increase visibility about your product and services.

Determine who you are selling your products or services to | Tip #2

While everyone can be potentially your client, not everyone is a customer. You may have several segments of your audience, or just one. It can be by geographic location, age, job, title, etc.
Why is identifying audience is important?
One reason is that different age groups have different habits, expressions, and social media platform preference.
comScore released this social media networks demographic. What it is telling us is that the various groups hang out in different platforms!
Social Media Networks Demographics

Age Distribution of Top Social Networks | Who’s in what?
Another reason is, depending on resources and extent and depth of your approach in marketing, you may need to prioritize which social media tool you have to be on first or spend more time on.
Know your audience.
Know the language they are using, the type of social media message they like to follow and content they like to read. Some social networks give you the ability to get a glimpse of what they like, what they are reading and in some instances info can be granular.
Marketing to an identified group with a targeted approach can potentially help cut costs, and yield better results because you can manage and focus your efforts more efficiently.
Tip for your Success: Go and find your ideal audience and engage with them. Add value to the conversation. If you are uncertain on how to jump in on a conversation without appearing like a spammer, check these tips on how to join social media conversations from pros.

Invest in a social media monitoring tool | Tip 3

There is no such thing as perfect social media monitoring tool, but there are useful tools out there. Determine what you like to monitor and see if any of the solutions out there has all, if not some, of the features you need for benchmarking.
I would suggest you to try either of these Hootsuite, SproutSocial or Buffer. (I am not an affiliate of either).

Measure for success | Tip 4

From the Social Times:
“Measurement provides marketers with results to iterate and evaluate business decisions. By continuing to learn from measurement results, you can more effectively inform your campaign strategies, whether those strategies are more tactically driven or strategic to the brand.
It is always great to have a benchmark. It is not just about showing up every day. You’ll find that soon enough if you start benchmarking your efforts. You can argue and reason that data shouldn’t be so, but numbers don’t lie. Numbers are great indicators of what is working and what is not.
Take stock of what the data is trying to say, and use that information to develop appropriate strategies or change existing ones to achieve your marketing objectives.

Be consistent | Tip #5

I posted a tip on consistency on Instagram, which I later shared on Twitter. That brought up the question above from one of our Twitter followers.
Be consistent with your message. Keep your posts on-topic You don’t have to be in social media from sun-up to sun-down. Mix up your posts without straying from your objectives.
Aside from your message, be consistent with your relevance, make posts appealing to your audience.
Be consistent in engaging with your audience. It is “social” media, remember? Respond to relevant conversations.
Be consistent with your presence. Don’t show up one day and then gone the next. Be there regularly.
Every click, every mention, every retweet, every share will add up to your reputation as a business. Everything you do is like raindrops; rain makes puddles. If the rain is non-stop, that could cause a flood. In a way, your digital activities are like that. You will reap fruits of it in due time.

Be tactically strategic | Tip 6

With the so many digital distractions surrounding target audience nowadays our efforts should be not only tactical but also strategic. For ANY tactic to be strategic, it has to meet a particular goal. Begin by understanding who you are as a company, what you want to become and how you will achieve it.
Ask yourself: “Why am I doing what I am doing?” As an example, “Why am I posting this [breakfast]?”
😀 Really.

Your growth may correlate with what you are putting in social media | Step 7

If you want to go slow, do it the organic way. Expect to spend plenty of man-hours to achieve satisfactory results. If you wish to scale growth, pay for ads. I recommend that you do a combination of both. If you don’t have time to “experiment” this get a consultant who knows what he/she is doing and is not learning on your dime. Whether you choose to grow the organically or by paying ads, both aren’t free.
Grow slow, organic; grow fast, pay ads.This is assuming you have a clear goal, AND objectives in place.

Social media is not a silo | Step 8

Social media on its own can be hit or miss.
According to JD Power in 2013, “67% consumers use social media for customer service and 66% stopped doing business with a company due to poor social customer service.”
Social media touches other facets of your business. Use it not just as a vertical but with a wider lens. You can use it together with your other marketing investments to attract, engage and acquire customers. Therefore, it is necessary to map your social media objectives back to your business goals.

Ask business start-ups for tips | Step 9

Elizabeth Dodson, the co-founder of HomeZada, a cloud-based home improvement, and organizational software startup company, is sharing these tips to startups like HomeZada.
HomeZada stumbled when it first launched its social media presence due to a lack of knowledge about the platforms and lack of understanding of what mattered to their audience. After carefully reevaluating and educating ourselves on social media, we understood what needed to happen in order to embrace and support our followers. For any startup looking to build a social media presence, I would recommend that they first do their research about the platforms and what will interest their audience. Second, I would suggest understanding the time allocation needed to commit to social media and determining what time is available to manage this initiative. Moreover, finally, I would look at the social media platform or platforms that most resonate with your business. If you are a B2B organization, then LinkedIn might be your best forum. If you are a B2C, then maybe Facebook or another platform. Once you secure your platforms, understand what information is valuable to the audience on each platform. Republishing the same pieces to all the platforms may not resonate with your audience of one platform, but may resonate with your audience of another.

Hire a social media consultant or get a coach | 10

Each social media platform is different. As such it has different audience and nuances. There is a learning curve involved in the process. That includes trying to catch up with the constant changes that go on with each platform.
If you want to manage it, get an experienced social media coach, *cough* we do that, whom you can check in regularly about what you are doing if you’re on track – or not.
If you don’t have time to run social media yourself, hire a social media consultant who is not learning it in your dime. Stay clear from anyone who’d promise a quick result. Social media does NOT work that way!
What would be your tip to build a killer social media presence? Leave it below.

Wednesday, 22 July 2015

Cost-effective alternatives for advertising on social media

Marketing on social media can seem like a wallet buster for your average startup, but absolutely necessary for the company to grow.
With changing advertising rates and rules on social media sites such as Facebook, there are limited options for startups to advertise on these sites in a budget-friendly way.
The startup needs to grow an army of loyalists who believe in what is being offered, and then the loyalists need to be willing to share their likes, dislikes, and overall thoughts with others.
Here are some cost effective models of advertising that won't break the bank.

Social media platform advertising programs

Let’s start with the advertising options that the major social media platforms have developed to generate revenue from their business models.
Facebook has led the pack for social media advertising, but has fallen out of favour with many businesses who cannot afford the rising advertising rates and restrictions. Facebook is also falling out of favour with some of it's own crowd because of said advertising.
Some innovative businesses have found unique ways to still be able to use Facebook without paying significant rates. This tactic includes the planning of events for a business by using the event invitation feature.
Using this event invitation feature gets attention among followers who want to attend the event, and these devoted fans will often share details of the event with friends. As a result of this sharing, the attention is garnered by others on the site who will hopefully see the information and join the event themselves.
The only cost involved is to actually host the live event, which can be online or in person, but this creates a way to offer incentives and rewards through the event without paying for the actual advertising. Even if people cannot make it to the event, they have still seen your company and may look up information about it anyway, out of curiosity.
Pay attention to the social media platforms where the greatest engagement is now occurring with your potential target audience. Forrester Research has concluded thatInstagram is one of the best advertising platforms for getting the maximum organic, granular reach for your advertising dollars.
If you have any type of marketing budget as a startup, focus it on the sources where you are likely to get the most attention, including a group of followers who will easily share their adoration with others in a convincing, credible way.
Research will tell you where your audience spends most of their time on social media, whether that is Instagram, LinkedIn, or Facebook, make room and a budget to create small campaigns and test their effectiveness on these traditional channels.

Other advertising avenues

Partnering with others who have their own blogs or who write for review websites is a relatively low-cost social media strategy to employ.
The freelancers behind these popular blogs and online reviews are eager to report on new products and services so they are willing to work for an affordable rate, or simply for a free product that they can use for their article and then keep for their own use.
The benefit to this partnership is that you can get the word about your startup on established blogs that have a significant following who, in turn, may share that blog post about your company with their networks.
This is word-of-mouth-marketing (WOMM) in action and is designed to generate greater results than traditional targeted ads on profile pages. Many startups and small business have completely ignored this phenomena in the past, but can little afford to disregard its benefits now.
Using incentives like sweepstakes or giveaways can be used to reward your customers who talk about your product or services. Plus, you can post your sweepstakes on all your social media sites with a link.
Companies like Rafflecopter provide a way to create an incentive and a giveaway code for something that your audience sees as having real value.
Another low-cost idea to your lower budget/higher yield advertising plan is to apply for business awards. If you are chosen for one of these business awards, you can then market this news on your social media sites, and you can be sure the award organizations’ sites will be spreading this news as well.
These awards include competitions like Entrepreneur of the Year, Red Herring’s Top 100 in North America, and watch for local competitions within your region that are tied to a business publication.
These are either free advertising or may have a minimal fee attached, but this attention will deliver big returns in the promotional value of being recognized by a large organization for your innovation and growth potential.

New social media advertising models

New companies are emerging with unique advertising models that provide a way to mobilize existing followers and a site, and have these followers take the lead on promoting your startup.
For example, Influence Network does this for companies that have multiple locations and want to identify and engage their most loyal followers in each unique location.
Once this mobilization happens, you can reach out to these advocates and share personalized information and content that is meaningful for them, and the information is delivered in a format that allows the site user to easily pass on their interests to others on your behalf.
Essentially, companies like Influence Network are taking the advantages of WOMM to the next level with technology, while using existing social media platforms to advertise your business.
It recognizes and proves that there is influence among your existing followers that can be mined to generate highly valuable publicity.
This is the power of social media truly unleashed, in a way that is affordable and delivers great return on the investment.

Final Thought

While social media platforms are trying to monetize what they do, and you are attempting to gain the most advertising bang for your buck through these platforms, there is a middle ground where you can use the ideas provided here to maximize the effect of social media advertising with the least amount of expenditure to you and your company.

Wednesday, 31 December 2014

A 3-Step Beginner's Guide to Social-Media Marketing

A 3-Step Beginner's Guide to Social-Media Marketing

Social media has become as much a daily part of our personal lives as it has our business lives. What once was cutting edge just a few short years ago is now just the norm. So how do you know which aspect of social-media marketing you need to have and which aspects are simply passing fads?
For entrepreneurs who are just starting their businesses, wrapping your arms around your social-media marketing plan can feel like a stretch. Do you need to be on all outlets? Which are best? How will you manage all those conversations? There’s a lot to think about when you’re getting started and some important questions you need to ask yourself.
Before you get your business up and running, here is your three-step definitive guide to social-media marketing.

1. Determine your MVPs.

When you first begin to formulate your social-media plan, you may be thinking about what outlets to get started on. However, sometimes a more important conversation to have when you’re starting out is which outlets to avoid.
There can be a general feeling that you should get your business on any and every outlet available to you. However, that can be a mistake. Not all outlets are relevant for every business and trying to force your business onto a platform that isn’t right can feel awkward and inauthentic.
Start with your social-media marketing MVP plan. The MVPs of social-media marketing means two things: your most valuable platforms and your minimum viable platforms. When it comes to social media, less can be a lot more. Why?
You are going to need to be active across every platform you're on for the duration of your business. This means not just great conversations but valuable content and hawkeyed monitoring. Would you rather have sparse contact with tons of people across lots of platforms, or would you rather have valuable, intensely personal and relevant conversations with the right handful of people? Which do you think has the most value to your business in the long run?

2. Consistency isn’t key, it’s critical.

Once you determine your MVPs you need to come up with a reliable posting schedule that can’t be broken. If you aren’t going to be able or willing to post on a specific social-media outlet religiously, you shouldn’t be playing on that platform at all. It’s that important.
Who are you going to assign the challenging and time-consuming task of vigilantly attending to your social-media outlets? Get clear about who will take ownership of this space and come up with a plan for how and what will be said to stay consistent not just with posting but with your brand voice.
Understanding this step can put into perspective the importance once again of your MVP outlets because if you can’t post to an outlet, you shouldn’t be on it.

3. Take risks.

The risks you take will be commensurate with the type of industry your startup is in -- but don’t be afraid to mix up the conversation and start taking risks in your social-media postings. These can be anything as simple as showing some of the behind-the-scenes aspects of your day-to-day business or sharing your personal struggles as an entrepreneur.
Make sure it’s honest and relevant, but sometimes taking risk and exposing more of yourself and your business can really help with making a splash. People like authenticity and transparency so let your audiences see what’s behind the curtain.