Social Media Marketing and how to use it for Market Research

2019-05-08
Hello friends!

Today we are focusing on Social Media Marketing ( SMM ) and how to use it for Market Research.

Main objective


To begin with, what is the meaning of social media marketing? SMM or Social Media Marketing is a smart form of Internet marketing that uses social networking websites as a marketing tool. It works straightforwardly: the main objective is to achieve marketing and branding goals by creating and sharing content on social media networks. For instance, updating text and image posts, videos, and basically, all kind of content that drives the audience.

Having that in mind, you have to use social media as a tool, because it improves the user's experience when browsing on a website. Another plus is that you collect information from that experience and use it in the future.
 

Plan ahead


Have you heard the saying - “A goal without a plan is just a wish.”? Well, when talking about Social Media Marketing it is essential to have a plan. Before starting your social media marketing campaign, determine your business’s goals. The success of your business will depend on the social strategy you are using. Ask yourself: who is your target audience? What message do you want to send them?
 

Meet your marketing goals


Moreover, Social Media Marketing can help you in achieving your goals by raising brand awareness, increasing website traffic and building connections. Social media serves the purpose of advertising in a better way comparing with the traditional media. It is the best way to reach customers globally and instantly receive their valuable feedback. It helps both big and small sized organizations to introduce and advertise their products or services at very affordable prices. It can be vital for economic recovery.

Balanced budget


One of the reasons, people chose SMM is because it’s not necessary to spend a big fortune in order to run a profitable marketing campaign which helps you by offering you a balanced budget. Being creative and knowing your audience is enough. Even though, it all comes down to your social strategy and devotion.
 
 How to start?
 
Start by setting your goals and expectations – Each of your goals should be specific, measurable and relevant. Remember to set expectations which are reasonable.
 
Plan a Social Media Marketing strategy – As previously mentioned, this part is crucial. You can try keyword searches and search engines.
( You can read more about SEO Myths on our blog https://yclas.com/blog/seo-myths.html )
 
Consistency – After setting your goals and plan of action, now you have to be persistent. Daily posting is one of the requirements. The information you post should be truly valuable and engaging. Where you share it is not as important as long as it reaches your audience.

Set a brand image – Social Media will help you in setting a brand image across various social media platforms. For example, the fashion brand ASOS asks IG followers to use a specific hashtag when they are wearing their latest outfit. In return, they have the opportunity to be featured on the ASOS Instagram feed which gives them plenty of exposure. Whereas every platform has different features and offers a variety of opportunities, your business should keep its own significance. Perhaps, you can check out our tips on how to increase the engagement. https://yclas.com/blog/5-tips-to-increase-the-engagement.html
 
Checking out the competition – Don’t forget to research and check the competitors. If a social marketing strategy is working for the competition, it is very likely that it would work for you. Always remember to improve and try to come up with even better techniques. 

Data tracking


Data tracking is of great importance when it comes to social media marketing. Here are just some examples of questions you can answer while using an analytic tool of your choice.
- Which product generated the most interest?
- Which topics were the most discussed?
- What were the most popular videos today?
- Which of the promoted restaurants is most often viewed?

Of course, you can use Google Analytics as a marketing tool. Firstly, attach tracking tags to your social media marketing campaigns and you will be able to monitor them at any time. You can link your accounts so that you can share data between them and have a better understanding of how your marketing efforts drive user behavior on your sites or apps. You can read some great tips about using Google Analytics on our blog - https://yclas.com/blog/tips-to-succeed-with-google-analytics.html
 
 

How to use Social Media Marketing for Market Research?


When it comes to marketing research, the opportunity of creating a brand through a community of customers whose behavior and comments within the platform can constitute valuable is presented.

My advice is to focus on platforms with the strongest following. While SMM might not be the perfect solution for small businesses when it comes to market research, it is definitely essential for larger organizations.
 

Research methods


Starting with the first research method - Qualitative content analysis (likes, comments, shares). The number of Likes or Shares can actually review the engagement rate of users on social media by indicating the appeal of a marketing product or service.
Social listening and awareness – Inactively gather feedback from your customers and monitor statements about your brand or website. Don’t forget to keep an eye on the competition.
Questions and Polls – Don’t hesitate to ask your customers any questions on social media. This way you encourage your audience to share their thoughts and ideas. For example, on Facebook, posts that ask questions receive more Likes than any other posts.
 

In conclusion


Though social media starts as a means of entertainment at the first, now it became the most recent marketing strategy because of its huge advantages in the business field. Social media is used because it has many advantages, for example, it saves time, gathers a bigger audience, balanced budget, etc. Use this information and research methods for your next campaign.

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