Creating Impact through Content
Social media marketing has always been about embracing the
future and serving internet users with what serves them the best.
Social media marketing has always been about
embracing the future and serving internet users with what serves them the best;
whether it is using the input from tools which give companies a better in sight
about their target audience or understanding their needs and bringing changes
in the content served. While the term social media marketing was introduced in
the year 1980, the definition of it has drastically changed in today’s times.
Today, content is posted for understanding
needs, enhancing customer’s experience, research and development of a product,
and the same goes for changes which are incorporated by social media platforms
such as Facebook and Instagram.
There are thousands of social media content
companies which have surfaced in the last couple of years, and so the industry
has witnessed enormous changes across various platforms. Briefly:
* Twitter which has over 310 million monthly
active users around the world and more than 100 million using it daily, decided
to increase its character limit to 280 from the former 140.
* Going back to the time when Instagram started
with stories, it gave the ‘swipe-up’ feature to verified profiles and after a
while, it was rolled out for all. The same goes for the recent addition of
‘highlights’.
* Facebook has always moved towards the goal of
providing better user experiences; therefore, the regular policy was changed to
reduce the reach of branded content which spoils a user’s feed.
* With an existing user base of over 30
million, LinkedIn has emerged as the preferred social networking site for
professionals who want to interact with business professionals only instead of
going through all other content when signing into another social media
platform. Now, even LinkedIn users come across blog posts which improve an
individual’s business acumen.
Content marketing has always been another name
for data-driven marketing. The number of sessions on a website, the number of shares
on a post or the number of reactions from people has been used to analyse the
success of a content piece. Yet, changes are inevitable and assessment
parameters have changed over the course of time.
Necessity is the mother of all inventions or re
imagination in today’s respect. An optimum business model is one which not only
adapts to changing times but also comes up with ways that are sustainable in
the long run,no matter how disruptive the environment is. This brings us to
initiatives that content marketing companies have taken and plan to implement
in the near future to attract advertising and partnerships with brands.
Customer feedback
Customer retention has been one of the
essential pivots of an industry after demand and supply. About 80% of Instagrammers
today follow at least one brand from their handle; over 375 million communicate
through Instagram Direct monthly and one out of every third internet user talks
about a brand while posting about one’s life achievement. As per a survey
conducted in 2016,89% of messages sent to brands were ignored. But how do you
keep track of all conversations that millions of people are trying to make from
all over the world?
Chat bots and social listening tools are new
aids from the technology front which enable companies to be prompt, make their
customers feel valued, analyse their comments (sentimental analysis), track the
impact created at the same time and leave a lasting impression in the target
audience’s mind.
All that a brand expects from a content marketing
company is to improve its products and services according to user preferences,
and make customers feel connected to the brand.
Customer engagement Tricks like referrals,
discount coupons on a specific purchase, cashback on credit card purchases, etc
have become old when the combination of online and offline marketing working in
sync has become the new trend. Different forms of offline marketing activities
such as QR code posters, standees, selfie contests and many more have been
observed lately where the potential customer takes part in an event, and to
reap benefits, shares the same on her/his social media handle. This helps
brands to advertise their product on a broader level than just in the virtual
world.
It creates an opportunity for content marketing
firms to explore various creative ways in which they can reach out to a broader
audience. This kind of activity proves beneficial for both types of brands, one
which has a negligible presence on social media and the other, whose followers
are unaware of the brand’s activity in the world of social media.
In a nutshell, it is about the survival of the
fittest and choosing a best-suited business model. The amalgamation of
technological aids with social media platforms, and marketing campaigns
designed with a mix of both online and offline strategies are redefining the
social media ecosystem. But with an uncertain future, you can be the next
innovator who brings about a more optimum business model that decreases
advertising cost and strengthens partnerships brands.
Source | Financial Express | 8th May 2018
Regards!
Librarian
Rizvi
Institute of Management
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