Chapter 1
Social media ā policy, plan and profitability
Key areas we will cover in chapter 1:
- ā using social media, and why itās important
- ā explaining social influence
- ā growing your business with social media
- ā networking and making connections
- ā making effective social media and content plans
- ā monitoring your social media profitability.
If you think social media is for the young ones and that you are too old to even contemplate it ā never mind finding the time or having the resources to do it ā then you should read on.
Do I need social media?
I have heard people say, āI have no time for social mediaā, to which I respond, āYou have no time for marketing your business and building relationships with prospects and customers?ā
Think about that for a moment.
Yes it takes effort, but so does every aspect of running a successful business, and there are tools available to help you pull it all together. When we put your plan together later in this chapter, you will see how easy it is.
You may also think that your customers and prospects are not on social media, and so social media canāt help your business. Did you know that the fastest-growing demographic on Facebook is females over 55, or that LinkedInās most popular sector is āserviceā, with personal profiles for everyone from cheese-makers to the president of the United States? There is a group of people, however large or small, on these channels ā or accounts ā just waiting for you to put yourself or your brand on their radar.
How cool would it be to get your customersā feedback in real time, as it is happening? Youāll get both good and not-so-good comments, but the not-so-good comments are as valuable to your business as the good. If the comments show you have an issue in your business that needs fixing, itās better that you know about it, isnāt it? You can then apologise, react to the issue and make it good for everyone to see.
Sharing your life and finding new friends online is now the norm. But while I donāt want to share my private life with the masses, I am okay about sharing my business life with anyone who is willing to listen. Itās a great way to let interested people know your business exists.
Digital marketing and social influence
By using the online channels, more and more people will get to know that your business or brand exists. Do a great job at getting people talking and sharing, and youāll find others will happily follow their lead, also known as their social influence.
What is social influence?
The Wikipedia definition of social influence is quite simply:
If youāve ever read Jonah Bergerās book Invisible Influence you will know that, like his book Contagious, itās absolutely chock-full of real stories and light-bulb moments ā and it is one of the few business books I didnāt want to put down. It takes you down the path of āinvisible influenceā, something I hadnāt thought too much about ā until I read the book. Now I am fully aware of those things that do influence me in one way or another. There are plenty of ways you can influence your prospects to buy from you, such as clever marketing campaigns, effective branding, an attractive sales team or a well-known customer-service philosophy. But what about the things you canāt control within your business ā the things that influence but are not obviously seen?
Let me explain using some of Bergerās examples and some of my own.
- You take your team out to a restaurant for lunch to celebrate a milestone. You have your eye on the apple pie for dessert but when the waitress collects the dessert orders and you realise you are the only one ordering, you donāt want to eat alone so you immediately change your mind and go without. It was your co-workers who influenced you to change your mind ā without you realising it.
- Itās autumn, and the weather is up and down. You never know what to wear. You donāt want to be too hot, or too cold. So you look out the window to see what others are wearing and make your decision from there. In this case, complete strangers are influencing you on what to wear.
- Itās well known that you never eat at a restaurant that has no customers in it. You are influenced to move on because you figure the food mustnāt be any good if no-one is eating there.
- You go to the gym on a particular day purely because your friend is going.
- You buy a book because of the cover design or the description of whatās inside.
- You buy a new cereal when you can see what it looks like through the cellophane window in the box.
- You keep away from a person because they are unkempt.
- You donāt like to open a bottle of wine if thereās no-one to join you.
When...