In order for us to understand how to build a strong brand, we need to first define some terms. The website businessdictionary.com defines marketing as the process through which goods and services are relayed from concept to customer. This process involves different elements that will affect our marketing efforts, although some of these elements are not directly under the marketing department. For instance the production process, from source of raw materials, through the production line and methods used all the way up to distribution channels, will affect our price. As marketers engage with potential customers, they make certain promises which are affected by all these other elements. Pricing has a direct influence on market perceptions. Our endeavor to attract more customers propels us to advertise. Dictionary.com defines advertising as, "....the practice of calling public attention to one's product.....". This brings us to our third definition, branding; which is defined by Small Business Encyclopedia as, "The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products."
From the definitions above; branding and advertising are part of the marketing process. When we only push advertisements through Social Media, we would have dismally failed our Social Media Marketing strategy. Our efforts should inculcate our uniqueness making it rather difficult to ignore Inbound Marketing as part of our Social Media strategy. When we showcase how we do things internally and preach about our core values, that naturally strengthens our brand. Social Media Marketing should be more than an exercise to canvass for sales.
Any marketing strategy should address the 4 p's of marketing.
Product - discussing the product is literally addressing Content Marketing issues
Price - when we look at price determination we are directed to Inbound Marketing
Place - alludes to distribution channels and this will also be part of our Inbound Marketing
Promotion - this will cover our advertisements. Note that how we cover these four elements influences our brand.
These are the agreed marketing elements and an effective Social Media Marketing Strategy will incorporate all of them. Emphasis on some of the elements at the expense of others, will dilute our marketing efforts and weaken our brand. Paid advertisements will only be effective if we have a strong brand within Social Media Forums. It is not how much we spend on paid advertisements that might generate us more sales, we might actually need to spend more on Content and Inbound Marketing in order to build a stronger brand. Social Proof has a key role in building our brand. Therefore, all the content that we share, must have an engaging effect. When we have a lot of engagement through liking of our content, sharing of our content and direct queries and inquiries including suggestions our brand will have a positive effect on our potential market. This effect will also reduce our advertising spend.
How has your Social Media Marketing efforts affected your brand? Should you need any assistance with your Social Media Strategy do not hesitate to contact us or you can drop your numbers here and we will get back to you.
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