Published on June 5, 2022
When social media first popped into existence, there was no intention of using it to circumvent the traditional sales process. Now, it can be a place for brands to drive growth and profit, but the social element of social commerce shouldn't be ignored.
When social media first popped into existence — your Six Degrees, your MySpaces, the prehistoric version of Facebook that looks like an entirely different site today — there was no intention of using them to circumvent the traditional sales process.
Now, with the rapid expansion of online marketplaces and a two-year pandemic that's made everyone much more tech-savvy, we're starting to see the integration of commerce and community in a way that the forefathers of social media never dreamed of — and probably never intended.
But, this is the reality that we as digital marketers and social media specialists live in. And if we want our brands to thrive on social media, we need to play by social media's new rules. Nearly every platform will allow you monetization opportunities, but that doesn't guarantee that you'll make sales. Like anything in marketing, it takes strategy to turn a profit on social media. And to be honest, the strategy for getting your socials off the ground and generating conversions isn't that different from how you'd set up a brick-and-mortar business for success. Here are some tips to follow for your brand to really thrive on social media:
First, you need to have the right location, or digitally speaking, utilize the right platforms. If you set up your lemonade stand in the middle of the woods, you're going to go home with empty pockets.
Let's do a hypothetical: You have a small business that manufactures and sells unique, bespoke furniture. If your main sales avenue is Twitter, you've goofed up. That is an Instagram and Pinterest play almost exclusively. Knowing where to build your social storefront is an integral part of generating revenue. (Pro-tip: Just don't try to sell things on Twitter).
Next, realize that the oldest idiom in the business world applies to social commerce too. What will any Business 101 class tell you? "You need to spend money to make money."
Social media is not strictly pay-to-play, there are success stories of brands that have built up a presence mostly organically. I say "mostly," because even in those cases, they still had an advertising budget, minuscule as it might be. However, in the current landscape of social media, due to the sheer amount of competition, every industry pretty much demands that businesses who aren't household names put some amount of money behind their social channels.
Where should they be allocating these funds? In my personal opinion, you should be using them to boost your social media content to a larger audience instead of shelling out for Facebook ads. Content is what draws consumers in and turns them on to your brand. Make sure that the engaging copy and design you're producing is reaching the widest segment of your audience possible, and you'll see sales begin to steadily trickle in.
Original Article: How to Put the "Social" in Social Commerce
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