Wednesday, April 22, 2015

Which Social Media Platform Is Right For You?

The other day I had asked a friend what the website to their father's construction company was, her answer shocked me. Nowadays, it seems only natural for any and all companies to have some type of social media presence so when I find out through a friend or try and search a company on one of my many social media platforms with no luck, I am confused. With social media being one of the most influential forms of marketing in the business world today, it is a shame for those companies that misunderstand its use and advantages. 
Not to say that every company should have each form: Instagram, Facebook, Twitter, the whole nine yards but with an ever growing online presence of consumers, it may be wise for companies to look into which form fits their customer the best. Below, I have listed out the top factors to consider when choosing a social media platform no matter what type or size of company you are.

1. Target Market
Like in a business plan, a company must determine their target market in order to pick an appropriate social media platform. Simple demographics such as age, gender, income, field of work, etc., are all needed when determine if your company will chose to rely heavier on Facebook than Twitter. Psychographics are also an important indicator when choosing social media, what does your consumer like to do in their free time, what are their views on different products, etc. In the chart below, Avalaunch has broken down each social media network (using super cute kittens) in terms of what they are best for and why your customer may using them. Using the target market, companies should focus their energies on sites that their target market uses the most. As it says below, if your target market in interested in pictures then you should use Instagram but if your target market is more concerned on "How-to's" you should use Pinterest or Youtube because that's what your target market is using.

2. Competition 

On social media, it's more than just knowing your competition, you should research and understand what your competition is doing on social media as well. Knowing which platforms they are and aren't using can be an important factor into choosing which platform your company should use. If your competitor isn't using any platform, you are at an advantage because your company is the one most consumers will see first. However, if your competition has a strong social media presence, you can use that as an advantage for your company because you will be able to see what they are doing right and wrong. If your competition has have traffic or use on Facebook, you may want to consider using an additional platform along with Facebook to boost traffic and engage with more of your target audience. Using the chart below, you can determine which top platforms your company should invest.
3. Usability

With more than a handful of successful social media platforms on the market and thousands of companies using them, it's important that not only your customers understand how to use them but your company does as well. Misuse of social media can be a driving factor into why your company isn't doing as well as you projected. However, the correct use and full understanding of the benefits each platform has to offer you is important to effectively reach your target. Chuck Cohn of Forbes.com has listed 3 steps companies should take to properly use their social media. 

1. Chose the right platform
2. Set goals
3. Organized activity/posting
Another helpful site gave insight on features of Facebook that business should and can use to optimize their online profiles. Anything from page insights to promoted posts, if a company is unaware of the different ways to evaluate and reach their target audience on their selected platform, the sole purpose of having a social media outlet becomes pointless.

Lately, Instagram, Pinterest, and LinkedIn have been my most viewed social media outlets. Instagram because I'm always on my phone and looking for brands/people to follow. LinkedIn because I'm trying to start my career and Pinterest because I am always looking for ideas for my other blog. So these are the 3 social media platforms I will use when evaluating which demographic would use it and which IMC elements and Ad's should be used.




Instagram
Demographic:
Females between the ages of 18-25 whom are educated and possess a higher income. These women tend to be on the artsy side or like to view things in a more eye pleasing manner. This women shares her life via social media or maybe in combination with a blog and she is most likely into fashion, keeping up to date with major social events or up & coming companies.
IMC elements/Ad's: Contest, giveaways, links to shops, promotion of customers or celebrities using products will be the best way to reach this demographic. By engaging with their target through giveaways and making followers feel like they are appreciated with promotions, companies can effectively use Instagram to reach this target if done correctly.





LinkedIn
Demographic:
Male between the ages of 30-40 who are highly educated and posses a higher income. This male mostly has a white collar profession and views business interactions as a way to meet others and advance themselves. This male enjoys networking on personal levels as well as stay up to date on companies of interest.
IMC elements/Ad's: Encouraging users to be apart of networks or groups, sharing business news/stories, and posting openings in your company is a great way to catch the attention of this individual.





Pinterest
Demographic:
Female between the ages of 28-39 who have higher education and are likely apart of a higher income household. They may be a stay-at-home mother, into DIY, fashion, baking, and like to be able to view different types of products in one site because they are caught between work and getting their children to soccer practice or a nightly PTA meeting and cooking dinner.
IMC elements/Ad's: Click-through links on pictures and company pages can help direct this target market to your site. Getting others to pin your products or services via 'Pin This' links on your website or using hashtags can be seen as an effective way to get your target market to interact with you and your site.





Works Cited

http://avalaunchmedia.com/infographics/social-meowdia-explained

https://blog.bufferapp.com/how-to-choose-a-social-network

http://www.businessinsider.com/demographic-data-and-social-media-2014-2

http://www.businessnewsdaily.com/5166-facebook-business-tools.html

http://www.forbes.com/sites/chuckcohn/2015/01/23/how-to-properly-use-social-media-to-fit-your-business-strategy/

http://www.imediaconnection.com/content/34038.asp#singleview
http://marketingland.com/ultimate-beginners-guide-defining-target-audience-90625

http://www.socialmediaexaminer.com/26-tips-for-using-pinterest-for-business/

2 comments:

  1. Alexandra: Really good blog! Good details on each demographic and the best social media platform to use to create engagement with them. Pretty good coverage on the points to consider when choosing social media platforms. If you would like to increase your score, please consider adding content in the following areas:

    * There are other factors to consider when choosing social media platforms, including:
    - Do you have the budget & staff available to effectively support social media?
    - How does social media fit into the overall IMC strategy for the company? Is it about engagement?
    Promotions? Brand awareness?

    * Provide some visual examples of the types of ads or IMC content you would use on Instagram, Linked-In and Pinterest to create engagement or responses

    Really good job overall. Thank you for your efforts!

    ReplyDelete
  2. You also have a very small formatting problem - different sizes of fonts. Come see me after class and I'll show you.

    ReplyDelete