Written by June Dennis, Dean of Staffordshire Business School, Chartered Marketer and Trustee of the Chartered Institute of Marketing.
If you only have a small marketing budget, social media can seem like an ideal way to promote your product or service. Twenty years ago marketers could only dream of having access to such a huge audience so quickly. However, where does one start?
Here are just four suggestions that could help you get more out of that limited budget:
Know your audience – it’s so obvious, but it’s really easy to make the simple mistake of taking your eye off the ball when it comes to ensuring your communication channels and messages are targeted at the appropriate audience(s). We can get carried away by all the opportunities open to us that we forget what the purpose of engaging with social media actually was! For example, why use Facebook if you’re primarily targeting a business-to-business audience? (Sometimes, there’s good reason to do so, but you need to know why). Spend time to make sure you know who your intended target audience is and what the key message is that you want to communicate with them. Only then can you identify and choose the communication methods which best fit your message and audience.
Know your limitations – basically, don’t try to do too much! Social media may seem very low cost compared to other forms of advertising or sales promotion, but there is still the cost of your time to factor in, at the very least. It’s also very content hungry and if you commit, say, to writing a daily blog or tweeting several times a day, you may find you crash very soon. Take note of what other businesses your size manage to do and try, where possible, to plan out your messages in advance.
Know how to create synergy – try to use the same or similar content more than once if you can. So, if you write a blog or post something on LinkedIn, can you direct people to it via Twitter? Could you use the copy for some promotional material or a newsletter? When you put something on YouTube, how can you maximise its use? It’s pretty obvious, but not everyone does it. Encourage customers and staff to send in stories which you can promote. I’ve found that people get a buzz from seeing something they’ve submitted being used or published and it creates a virtuous circle and they submit more material….
And, finally, think of ways you can work with others to create mutual benefit. A while back, I did an interview for a friend who was looking to increase traffic to her website via YouTube. As a result, I also sent links to my contact to her webpage and used the content of the interview to develop this blog. We both benefited and had some fun doing it.