By now we’re all aware of the importance of social media for marketing and sales. There’s no marketing tool that can rival Facebook’s usability and visual nature. Except for Pinterest. And Twitter’s interconnectivity and speed is unrivalled in the history of mass communications. LinkedIn is the only avenue for B2B marketing and sales that matters. The list goes on and on.
As a free (or nearly free) tool, social media has become a pillar of startup marketing and sales strategies. But with so many social media tools at your disposal, it can often be hard to know exactly where to start and which tools are worth your time and effort.
While I’m a firm believer that creative marketers can successfully leverage any platform, it’s a reality that some social media tools will be better than others for building relationships with the customers you need to reach. Here are 3 questions to ask yourself when considering what social media tools you should be utilizing:
1. Who is your target audience? Understanding who your target market is, where they are, and what they are looking for must be at the centre of your marketing, sales, and social media strategies. The medium is the message, and unique target markets will respond differently to different social media tools. If you’re a startup focusing on reaching young, fashion-savvy teenage girls, Pinterest is probably a good place to invest your time since 68.2% of Pinterest users are women, it’s a visual platform, and its social atmosphere should resonate. If you sell standardized industrial widgets? Take a pass. It’s unlikely the foremen you sell your products to spend their workday browsing for the latest hip fashions. There are better uses for your time and marketing budget.
2. What are you trying to accomplish? The key question here is “What sort of behaviour am I looking to drive in my target market?” It’s immensely important to define your goals. If your focus is raising awareness, you should be using a different set of tools than if your focus is seeking out prospective customers to add to your sales funnel. It may sound odd, but some social media tools are inherently more ‘social’ than others. To create a marketing buzz, focus your efforts on social media tools that allow for easy sharing and are organized based on user interests like Twitter, Pinterest, or a blog.
3. What are the limitations of the available tools? Take the time to thoroughly understand what each social media tool can offer your business. Will your target market respond better to a link to a relevant website on Twitter or an interactive video on YouTube? Are the unique benefits of your products and services best communicated through text or photos? Answering questions like these will quickly narrow your focus. Many websites also provide businesses with a host of helpful tips and programs that can be of great value to a startup. Place an emphasis on tools that provide quality analytics programs so you can analyze your efforts and make adjustments as needed.
Don’t try and boil the ocean. As labours of love, startups are already time consuming enough. While social media can be helpful in prospecting for customers and nurturing relationships, not all businesses are well suited to every social media tool. The best social media tools for your startup are the ones that will help you connect and collaborate with customers, build the right relationships, and optimize your content for maximum ROI. To find out more about how Venture Accelerator Partners can help you with your marketing, sales, and social media, check out our website.