Digital marketing has become a very competitive field, which means that it is important to choose your marketing streams very carefully. Some forms of digital marketing, like search engine marketing (SEM) can be very expensive, and offer little return on investment. Others, like social media marketing (SMM), are extremely cost effective when used right.
Social media marketing can be done in two ways. First, you can build a strong social media presence, and can advertise directly from your business or website page. Secondly, you can create highly targeted, carefully created ads for platforms like Facebook or Twitter, advertising your business to the people who are most likely to become customers in the future.
The benefits of social media marketing are huge, and you definitely shouldn’t ignore it. A few of the reasons why SMM is so important include:
It allows you to engage with existing and potential customers:
Social media marketing allows you to build a strong internet presence and to engage with your clients through various social media platforms. The platforms that you choose will depend on your target audience, as will the type of SMM you undertake.
Building a strong social media presence continually reminds potential customers of your existence, especially if you can work hard to engage with them. If you can get potential customers to actually stop and look at your posts, there is a fair chance that they will end up clicking through to your website, resulting in increased conversions and more income for you.
It will increase your traffic:
As mentioned above, a decent social media presence will help you increase your website traffic. The more you can engage with your followers and other interested parties on social media, the more likely they are to click through to your website. This will help increase your website traffic and, in most cases, will make your business more profitable.
It is very cost-effective:
Paid social media marketing is one of the only digital marketing streams which can still be extremely profitable. Profit margins are still large, especially if you are in a relatively un competitive niche, and it is entirely possible that you won’t have any competitors at all targeting the same audience on the same social media platform.
It is easily targeted:
The way most social media platforms work means that it is very easy to target your SMM campaigns. You can target your paid advertising all the way down to people’s age, their profession, where they live, their gender, or even the things that they are interested. This means that you can dramatically increase your marketing conversion rate – especially if you know you target audience well – and can save money on marketing.
Social media marketing is essential for any small business who has plans of growing and developing in the online space. It is cost effective, highly targetable and can increase your engagement with your customers and potential customers. Do your research and try it today!