I was reading an article that was discussing how some organisations are not realizing the value they expected on Social Media Marketing. The author had their own reasons whilst those who joined the conversation through comments added their diverse views. Basically it boiled down to two important aspects. The first one being the ability to differentiate between followers who are just potential clients, and followers who are an audience for your content. The second aspect being the ability to have an accurate measure of your efforts. We are going to restrict our article on the first aspect.
To better understand followers and a target audience, I will use the following example. If you went for a football match for your local popular team and found the stadium filled to capacity. There is a high probability that there is a sizable number of potential clients for your product or service within the crowd. However if you somehow got a way of making a sales pitch to part of the crowd, maybe those sitting close to you, its highly unlikely you will get a sale. Reason being that the emotional state may not be conducive and also the mission of your neighbors in the stadium could be very far from the need for your product or service. This scenario might almost be exactly what frustrates most organizations with Social Media Marketing. Most of the account holders in these forums did not open their accounts to look for products or services to buy. Advertisements, which are mainly graphic chew up a lot of data for those who do not have access to free internet, offending the would be viewer. However with a well structured strategy, it is possible to appeal to these followers and even convert them into sales. The first step of a smart marketing strategy is identification of a specific audience and presenting them with engaging content. Posting advertisements without any prior engagement might be disastrous.
I once read somewhere where an entrepreneur was having issues with their Facebook marketing campaigns because the return on investment was below what they considered acceptable. Their standard of evaluation was the low sales that the campaign had generated. They then queried why the traffic that they witness in Amazon did not compare with what they found on Social Media Forums. This simplistic view overlooked a cardinal fact that we have alluded to. Those that open accounts on Facebook may not be having any intention to purchase anything; whilst those in the corridors of Amazon are in essence there for shopping. This brings us to a critical point in audience identification. Most of those found in the Social Media Forums, might be there for various reasons, but one thing for sure they are hungry for information. Now our target audience should not only be potential clients, but we should target to engage even former customers so that they can vouch for us and our service offering.
When we evaluate our Return On Investment (ROI) in our Social Media Campaigns, we can not only look at sales generated and consider that a competent evaluation. Social Media has the capability to help us build a strong brand. A strong brand will not give us sales today but will leave us with a competitive edge. An astute strategy on material to share on Social Media will take into cognizance conversations with past clients for social proof; relevant information and professional advice to attract new customers; dialogue with industry influencers to affirm our product/service knowledge. Therefore when we define our audience, we need to make sure that we are conversing with all these three categories. The growth of our audience will also follow the same path, which should equally be reflected in our content. The more past customers we have, the more new clients we are able to attract and the more industry influencers will find it easy to identify with us. The numbers that reflect as our followers will not automatically become sales. It requires tact and skill to convert them.
How have you justified or reconciled the difference between your overall followers and sales conversion from you Social Media Forums? Kindly share with your comments below.
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