Social Media Marketing is an alternative to traditional marketing in reference to accessing large groups of potential consumers. Get the word out about something new, or what’s to come, it’s free and fast which is a great benefactor for any growing business today. Social media has opened doors for great things to happen; being able to reach the people outside of your state is a great way to get your product and service offered to those that are beyond your reach. It offers the possibilities to form new relationships that have no limits, and the best part, very little to no cost. Being able to reach those outside of your reach with a click of a button has changed the face of business to date.
In a recent blog, “92% of marketers in 2014 claimed that social media marketing was important for their business, with 80% indicating their efforts increased traffic to their websites.” (Demers, 2014). Marketers can view their company revenue generated given credit to rise in sales and advertisement. Conveniently, the company can focus their efforts in areas needing improvement with live blogs, and feedback consumers discuss in various forums associated with networking sites. It is a selling point for entrepreneurs to promote their brand and establish steady clientele using innovative, and creative advertising on social media platforms. The idea is to create a strong following and making the brand known by gaining as much exposure as possible, building rapport, and tracking progress with consumers on various media outlets.
How to Leverage the Power of Social Media to Grow Your Manufacturing Business A few years ago, social media was just an extra thing that some businesses did. While it wasn’t necessary, businesses found that having a presence on social media could help them attract new customers, keep clients happy, and promote their new services or products. But as social media continued to grow and businesses recognized the benefit of having active profiles, it become more and more important for a company to be social. Today, social media is one of the marketing priorities that all companies need to have. But while it is still in the newer stages for some individuals, it is easy to make mistakes – reducing the amount of success that the company finds.
If a business was to put an ad on Facebook, there would be a greater chance of increase in revenue due to how many people log onto Facebook every day. “Integrating your business website with Facebook has never been easier and the benefits speak for themselves, with 50% of Facebook users checking their profile every day. Think of these log-ins as opportunities to expose your followers to your brand through creative content and interaction” (Kiripatea). Facebook is a popular website with endless benefits for a company to gain new customers and revenue. Facebook is not the only popular social media website.
Bad reviews of a company comes in all the time from customers. This can also mean a bad effect for businesses. Back then, companies were able to control the information available about them by simply just pressing charges. Now firms are more like observers that often do not have the rights to press action to all the negative reviews (Andreas). Social media has a platform to interact with so many people with a single piece of information.
Companies have improved their marketing using social media by reaching more consumers in different ways, reaching their specific target audience more efficiently and maintaining closer relationships with their customers Social media is a phenomenon unlike any other in its ability to grow and reach millions of people so rapidly. Facebook achieved
There are some actions of some users that are not beneficial to businesses. Although Facebook is necessary and advantageous for business needs, it is not perfect. There are problems that would occur and failures that would happen. The downside of advertising in Facebook is that there are people who are capable of posting anything negative on anyone’s fan page. While interacting with customers in Facebook may be pleasing to hear, there are some people who might produce a bad image towards your business.
Marketing on social media increases exposure. Social media is as effective as or more effective than traditional marketing. Customers visit social media sites to learn more about a business, this is because these sites allow companies to share up-to-date information about their company, products, services and upcoming events. Social media has given power to customers, with its sites customers are able to comment whatever they want about a product or service whether the comment is positive or negative, on social media, this means that millions of people will be able to also read the comments. (Oyza, and Edwin, 2015).
Social media is popular right now and able to grow in bigger and better things, businesses are taking advantage by using these websites for online marketing. Marketing that is posted through the Internet and uses social media is known as social media marketing. Advertising and promoting products this way has many advantages and disadvantages. This form of marketing can help the business by being cost efficient by
Businesses can benefit from social media through reduction of cost by reducing staffs working hours and increase revenue. Social media marketing the fastest means of get words out about a business or product, that is why eventually all business are buying the initiative. Most marketers who are already established in the new social media initiative are beginning to implement their own tactics which has brought social media to a greater height than it was before. These popular websites could be a great approach for companies and customers to improve their communications by applying them in computers and mobile devices. Social media marketing is a term not really known by lots of persons.