Social media has changed the way that the world has approached just about everything that we know. From interactions with loved ones and relationships with our community, to finding new products and supporting advocacies that we align with, people across the globe depend heavily on digital platforms.
It’s also no secret that entrepreneurs and marketers have made giant leaps in utilizing platforms to maximize their reach: with 4.8 billion people worldwide using the internet daily, how could they not?
However, the possible benefits of social media might be overshadowed by a caveat: with so many platforms popping up and even more creators competing to be seen and heard, it can feel overwhelming to find the right platform for your business.
Keep yourself in the loop and learn about why social media matters and which options might be the best for your purposes:
If businesses were previously heavily reliant on print ads and other paid advertisements to promote their products and services, this isn’t the case nowadays: though traditional advertising won’t be disappearing anytime soon, it sees a decline in relevance each year, while global spending on digital advertising continues to skyrocket. Between 2018 and 2021, digital advertising saw a more than $60 billion rise, whereas traditional advertising declined by $10 billion!
For smaller businesses, the impact of social media marketing may be even more significant. Forbes reports that 50% of small businesses say social media helps increase their sales. Not all businesses spend on paid ads, so with the right content strategies, businesses can experience organic growth of their accounts at little cost other than time and effort. And even for those who allocate a budget to devote to these marketing efforts, the amount is less and the results better compared to, say, printing and disseminating flyers. The use of digital platforms provides a modern and cost-effective alternative for entrepreneurs who want to reach more people without breaking the bank.
Aside from being more affordable, digital marketing is also more accessible: businesses have a myriad new ways to connect with current and potential customers, whether it be by providing an enhanced customer service experience, or utilizing digital platforms for ease of operations. The prevalence of social media marketing has inspired developers to create better tools for marketers, like analytics and targeted audience options. Using these tools helps marketers better get to know their audience, and in turn, better speak to them and cater to their needs. Not only is social media a bridge to talk to people who have trusted your establishment for years — it’s also a place to generate new leads and see how you can expand to serve more people.
If you’re looking to learn more about what social media marketing can do for you, take a look at how these platforms are used by billions of people across the globe:
After the social media giant’s public launch in 2006, Facebook has quickly made its name as the largest and most popular social media platform. In its less than two decades of existence, it has undergone rapid change to meet user needs, setting industry standards for others to keep up with. Businesses use the platform in the present day to provide smoother customer experiences — whether by sharing behind the scenes posts or engaging content, entrepreneurs often use Facebook to share important updates.
When Instagram launched in 2010, it started as a photo sharing app where friends could share quick snaps of their day. Now one of the world’s biggest social media platforms, there are over a billion people on the app, allowing marketers the opportunity to reach more and more people across the world. Depending on the type of business, Instagram is a good place to share fun daily updates and speak casually with customers.
LinkedIn was established in 2002 as one of the earliest social platforms. If you’re looking to connect with working professionals, this is the perfect place to do it. Most businesses post important company updates and personal messages from their company executives. Need a boost with your professional audience? Head over to this site for better chances.
Twitter’s 2006 launch gave it instant popularity as a place to share your thoughts succinctly. Being able to connect personally in a conversational manner helps consumers appreciate brands more. This social platform has all the potential to help you stay in better tune with their needs and interests.
Because social platforms have developed to meet a spectrum of needs, there are more than just these popular sites that businesses can use. Depending on the nature of your business or who your target market might be, there could be one or more different latforms that are right for your circumstances. Here are a few others that you might want to look into:
A little bit of research will help you figure out which ones are worth pursuing. Need to up your game a little bit further? Learn how to make a great thing out of the good that social media already brings: automating your social media will help you reach even greater heights of success.
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