Important question: If you already know that social media is a marketing channel, how effective do you think yours is? Ultimately, to move up to the answer of "very effective," many factors have to be considered.
Beyond distributing content and commentary, social media involves monitoring - listening to understand why people are saying things or feeling emotions in connection with your brand. Social intelligence leaders are constantly doing this via their channels such as Twitter, Facebook and LinkedIn, many using dashboard monitoring tools. For 2011, nearly 38 percent of corporate social strategists said listening and learning about customers was a main social media goal, according to Altimeter Group. Another popular goal was fostering word of mouth at nearly the same percentage. To perform socially, you really can't have one without the other.
In the home products market, think about cases of positive and negative mentions that may happen on your social channels: someone likes a design or photo, notices you're in front with current trends, asks for help with installation or finding a dealer, lists something to improve for your next generation product, or asks a specific question. These and more possibilities can be in conversations directly with you or with peers and others.
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