Why Social Media Is the Ultimate Path to Business Growth
It is with no doubt that social media has become the ultimate marketing platform for most businesses. Starting from Facebook, Instagram, Twitter, Whatsapp, and other sites, you will find accounts for businesses trying to promote their brands. Why has the platform loved this much? There are many grounds why social media is the most preferred media for growing businesses. It is cost-effective, engaging, has high traffic, improves brand awareness, among other reasons. If your business doesn’t have social media accounts at this age, you are losing a lot to your competitors. Most brands have recorded massive growth through social media. Here are some reasons which make the platform the ultimate path to business growth.
It Improves Brand Awareness
Is your business struggling with visibility? Maybe you haven’t tried social media marketing yet. Social media has proved to increase brand awareness to businesses due to its immense and active traffic. There is no time you will find inactive users on any social media site. You only need to create a detailed account for your business, put in your products, network with others, and engage with your audience. According to statistics, companies, and marketers who use social media for marketing their products get as twice sales as those who don’t. The best thing about it is that you don’t have to be present every time, every day. The website associated with Instagram Growthsilo.co mentions that as long as you are networking and putting engaging posts regularly, your brand gains awareness.
It is cost-effective
If asked to name any cheapest marketing platform globally, social media platforms will definitely come top of the list. Why is it so? Social media is a cost-effective mode of marketing, if not free, and lets you engage with your clients without having to travel or use other related costs. To start with, creating an account and filling in your brand details is free. You can also do some free ads, which might not do as well as the sponsored ads. To get the best out of it, experts recommend using paid social media to drive growth. Even though you will be paying for these ads, its cost is lower than all other forms of advertising and gives you an assured business growth due to the high traffic and engaging audience. By investing in little cash, you are assured of high conversion rates and great returns on your business.
It lets you engage with your clients
In most marketing platforms, you only do the campaign and wait for the results. The case is different with social media accounts. You can run your marketing campaigns and get instant results with your brand or products. Through it, you can answer your clients’ queries, reply to their comments, know their concerns, and understand how your product performs in the market. Only a few platforms let you know this. The more you post and chat with your clients, the more you will create awareness of your business, and the more you will get clients, thus earning more profits. With social media presence, your brand will reach more audiences without much hassle. In most cases, if you market well, the audience will help you promote the brand through sharing and reposting your content.
It Improves Brand Loyalty
Most businesses have created brand loyalty through social media, and you can check this on accounts of the most reputable brands in the world. It makes your clients feel like to be part of the business by commenting, liking, and sharing posts, which leads to further engagements. Customer satisfaction and loyalty go hand in hand, meaning the more you satisfy your clients, the more they will adapt and engage with your brand online. You only need to create engaging posts and let your audience participate in the same. Besides introducing your products, it lets you do promotional campaigns to reward and engage fully with participants.
It provides healthier Customer satisfaction
Through networking and engagements, you can fulfill all your clients’ requests directly and in real-time without waiting for the same information from third parties. With it, you can raise the company’s voice and give your clients all the necessary information without it being distorted or getting lost along the way. A good example is when a client directly messages you, you can give them an accurate answer concerning their query and solve their issue there and then without waiting for any further information from other people. You can also engage your clients through posts, comments, reviews, and also provide your contact details on your social media accounts.
It gives you marketplace awareness
Marketplace awareness helps you engage with your clients, know their needs, and find ways to satisfy them. Social media is one of the consistent ways of doing so. You can observe your account activities and engagements and see your clients’ interests, opinions, online reviews, and any other thing that will help evaluate your business. It helps you get information directly, unlike when there were no social media accounts. You can also use the platform as a research tool to get all the information you need to improve your products and services and understand the industry at large. With a large following, you can apply demographics that let you know the most loyal audiences, their age, and location. With such, you can plan marketing campaigns as per the demographics.
It gives you more traffic to your website
Did you know that most online companies get their website traffic through social media platforms? Yes, and it’s traffic that converts. Here are some strategies to drive online business success. When you share content on social media, clients will want to know more about the company. Most of them follow website redirects or click the company’s website on the biography to find out more about its products. This means the more engaging content you share, the more traffic to your website. You only need to find ways to convert the traffic and get the best out of it.
With social media, you can create a brand authority over your competitors. You might be having a small business, but you might outdo even the giant competitors using social media platforms. That’s how most brands are staying afloat nowadays. You only need to do everything right. You should not open an account and wait for engagements. Be active by creating better content, engage your clients, provide offers, and redirect the traffic to your website to achieve the above benefits.
Open Business Council offers resources, Trade Finance, business advice, SME Finance and a forum and directory for businesses! Improve your business and use the best digital, financial and funding tools to grow ROI – return on investment and ROA – return on attention!