Social media marketing is the fastest growing marketing trend with a reported 9 out of 10 businesses employing some form of a marketing campaign on social media. Social media advertising campaigns bring numerous advantages to showcasing products and services. What is social media advertising? Simply put, it is a form of online marketing that mainly focuses on the social networking sites.
The merits of social media advertising include the following:
1. Improved Brand Recognition
Advertising through social media has been shown to increase brand recognition. Regular posting on social media platforms allows companies to interact with the clientele on familiar grounds. This constant interaction creates a picture of credibility and an eagerness to listen to what the clients have to say. Once customers are familiar with your brand, they are more likely to recommend your brand to friends and family, therefore increasing your brand reach.
2. Improved Brand Loyalty
For any company to stay afloat, it needs a loyal clientele base. New customers are a happy addition, but without loyalists, the conversion rates would be somewhere between sad and non-existent. Advertising on social media creates an open service platform where customers can express their views and feelings about services and products offered. By listening to consumer opinions, customer satisfaction levels rise exponentially, and along with them loyalty to your brand is forged.
3. Improved Conversion Rates
The majority of the population is on social media. Social media and advertising are two components used together to target the potential clients on social media platforms, such as Facebook and Instagram. With the increased brand visibility that comes with advertising in social media, more leads will visit your website, and the chance of conversion also increases. With a well-articulated media advertising plan, a company can improve its sales and profits.
4. Reduced Marketing Costs
Compared to conventional marketing, social media marketing does not require a lot of monetary resources. With an internet connection and computers, a company can minimize its marketing costs by a significant margin. But as the business landscape continues to evolve, traditional marketing methods begin to fade out in favour of less resource-intensive methods. Therefore, using social media to market products and services is an efficient way of reducing companies’ operational costs.
5. Better Search Engine Ranking
While a social media page does not exactly improve search rankings, the page will certainly get you more traffic. More people use Google, DuckDuckGo, Bing or other search engines to find products or services online. If your business has a social media listing, chances are, it will appear among the top search results of a related product or service, leading to a wider visibility. Search engine optimization tools are another attractive option due to their ability to drive more traffic to company websites and achieving higher search rankings on the same.
Social media advertising has grown to be a favourite marketing option for many business start-ups and organizations globally. This is due to the ease of using social networking sites to sell products and services. The results are almost always immediate, which allows companies to gauge the effectiveness of their marketing campaigns. Social media marketing has become an integral part of any marketing program regardless of the size or nature. It is a great opportunity to increase sales while minimizing costs; one that no company or organization should pass on.