Archive for the ‘Social Networking’ Category

How Firms Are Utilizing Social Media To Save Capital And Reach Out To A Wider Market

Monday, January 30th, 2012

Firms can use social media to conduct a conference with potential clients and also save on travel expenses. They can hire new employees by conducting interviews and demonstrate their product to potential clients by using video conferencing. For a new firm which is looking to enter into a competing market, improved technology helps them to minimize expenses and increase profit and productivity. Along with social media, video conferencing can be used as an effective business tool to get in touch with customers and employees living beyond their geographical zones. This not only saves money but also travel time.

Nowadays candidates like to interact with executives of a company before they apply for a post. They like to gather as much information as they can before they decide to apply in a company. Through this interaction, they can decide if a company is being honest with them. A company has to interact with them to ensure that they exist and are not a hoax.

A firm which does not have an office in every city of the world can attract customers using popular social networking sites such as twitter or Facebook. It can post updates about product launches and events in order to increase traffic flow. In this way it will not only increase number of potential clients but also popularize it’s name with minimal expenses at it’s own disposal.

Social Media: ROI vs. Correlation

Monday, January 2nd, 2012

Do you regularly run social media campaigns for various clients? Then maintaining proper ROI for all those clients must be a major headache for you. Well, there certainly is a fine balance that you have to maintain in every single social media marketing campaign that you may run, between correlation and ROI.

So, what is this correlation, you ask? Well, simply put, it is the relationship between business success achieved by the company, and the ties of social media to that success. It can never be proved with 100% certainty, unless you are able to show that the profit margins soared as the company reached out to more and more customers via social media. A somewhat ambiguous proof can be obtained by comparing social media stats with profit margins though.

Even with the slight ambiguity, ROI vs. Correlation studies can help you gain confidence from top level management, who happen to control the kind of investment the company makes in social media. If you are running social media campaigns regularly, then this is certainly a method you may wish to follow, in order to help the management realize just how social media is helping their business, and why they should continue investing in it.

Marriage Between SEO And Social Media Can Do Wonders For Your Business

Monday, December 19th, 2011

Have you been conducting both search engine optimization and social media marketing for your business website for quite some time? Well, hopefully, you have ensured that your actions for both those marketing processes complement one another. When combined, SEO and SMM can form an immensely powerful combination, while both are about half as effective when carried out separately.

However, before you can combine SEO with SMM, you need to locate the common tools that benefit both the techniques. You may already be using the most important tool of that kind though. Guess what – it’s your company blog!

The most significant benefit of having a blog is the versatility it brings to promotional campaigns that you carry out. Whether you need to get more followers in social media channels, or want to milk search engines for more traffic, nothing beats having a regularly updated blog. All you need to do is to make sure that the blog is well-written, and that the topics of the posts are related to your business. Also, try to have a little humor mixed with dry facts in the blog posts. It should make the text a little more palatable to visitors.

Always post links to new blog posts on social media channels. That way, you will not only get good traffic to your blog, but your social media channels are also likely to gain new followers.

So, don’t wait any longer. Start combining these two marketing tools today, and extract maximum traffic for your business website, in a hassle free manner.

Engage Your Visitors To Maximize Conversion Rate Through Social Media

Tuesday, December 13th, 2011

Companies that have recently launched their social media marketing campaigns often find that they are unable to convert visitors to their social media channels. Are you the owner of one such company? Are you noticing  hundreds of “likes” on your company’s Facebook page and thousands of followers on Twitter channel, but very few (if any) conversions? Well, then you might not be “engaging” your followers in the proper manner. Yes, that’s right! Having thousands of followers without interacting properly with them is not much different from having no followers at all. Let’s see how this situation can be avoided on various networks, shall we?

1. Face it… you’re on Facebook: And that means you need to engage people who “like” your FB page. Find out their IDs, and befriend them if possible. Periodically, ask them for feedback on products (or services) that you have recently launched. Ask them to suggest ways for improving those products (or services). Engaging followers in this manner helps establish the general perception that the company actually pays attention to what their consumers think about their products and services. What better way is there to impress prospective consumers?

2. Twitter is for tweeting, right?: Yes, and it is for engaging people as well! The next time you see someone retweeting one of your tweets about a product, how about sending him (or her) a direct message thanking the follower for the RT, and also asking about his (or her) opinion about the product? That could be a sure shot way of making more people interested in your company, and consequently, your products.

3. LinkedIn… It’s all about answering: No, it is not you, who will do the answering. Rather, you will ask your customers to express their opinions regarding your products and services. This can be especially useful if you are in B2B type of businesses, where a number of your biggest customers are likely to have active presence on this social media network already. Simply engage them via LinkedIn Answers, and as they answer your queries about the products and services that you have launched, the visibility of your posts will keep on increasing, attracting other members towards your posts as well.

Social media networks are not just tools for you to beat the drum about your brand. These are the best tools that can help you build credibility for your brand as well. The power is in your hands, to harness the proper potential of these networks. Use it well, and your sales are guaranteed to hit the roof shortly. And that’s no joke!

Be Careful About When You Post Social Media Updates For Your Retail Business

Tuesday, December 6th, 2011
Have you been promoting your retail business through social media networks for quite some time now, but failed to make much of a difference in the revenue counters? Well, are you sure that your updates are being checked by maximum number of users? Yes, you would be surprised to know many companies carrying out promotional campaigns on social media channels do not get too many hits on their updates, even if those give news of epic discounts and bundled offers that would tickle the fancy of many avid shoppers.
Why is it so? Could it be that shoppers are not just interested in special offers any longer? That sounds rather illogical, doesn’t it? Well, you know what – the bottleneck here may actually lie in the time of posting of the updates. Many retailers post updates about their discounts during the middle of the week. What happens as a result is that customers check those updates alright, but seldom get enough time after work to make good of those offers.
Stop falling in this trap. Post updates about discounts and special deals at such times so that customers receive those on Sunday mornings. That way, they will get plenty of time to avail the offers you are providing, and will thank you for it as well, with their loyalty!
This was just an example of how timing your posts on social media can help improve success rate of your social media campaign for a retail business. In the coming days, we will be posting similar tips for achieving success in some other fields as well. Watch this space.