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19 Oct 2022

10 BENEFITS OF SOCIAL MEDIA MARKETING FOR STARTUPS AND SMALL BUSINESSES

10 Benefits of Social Media Marketing for Startups and Small Businesses


Remember when social media was said to be one of those things that “the kids” use? 


It wasn’t a long time ago that it was considered to be just a fad


But, soon, it started showing its clear power with immense growth and no end in sight! 


And today, it’s helping businesses build themselves. It gives you new and creative ways to interact with your target audience while keeping them engaged with your brand.


When starting out, any business’s primary focus is to grab that first batch of customers. 


However, if you’re one of the businesses trying to crawl up, there’s an easier way for you- Social Media Marketing. 


Leveraging the social media to your advantage is a no-brainer, and here are the top 10 benefits of social media marketing for businesses and startups to drive good traffic, conversions, and long-term loyalty.


10 Effective Reasons Your Business Needs Social Media Marketing


Many businesses still believe that traditional marketing is the only way, but social media marketing has made it easier for many SMEs and startups! 


How? Here we go with the top 10 benefits of social media marketing for your business to level up profitability and for all those skeptics who have yet to see its value and viability.


1. It Helps With Instant, Fast And Easy Communication


Benefits of Social Media Marketing


Reaching out to top brands and companies has never been this easy. All thanks to social media platforms. Social media for business has made communication instant and quick for customers and companies- one of the significant benefits of social media marketing.


With social media connectivity, you can receive and respond to your customer feedback and grievances ever before because social media has made the line of connection easy- which was once difficult to access.


You can contact the right people without having to pick up a phone! This will also give your customers a base of trust, genuinity, and better communication. 


2. It Improves Your Brand Loyalty


Building up a loyal customer base is one of every business’s primary goals, and your social media accounts do precisely that!


Remember, brand loyalty and customer satisfaction go hand in hand- hence, you must engage and build a rapport with your customers.


Social media platforms aren’t just for introducing new content and campaigns but also a service channel through which you can instantly connect with your audience!


If you want to attract more customers to your brand, then it’s crucial that you start with social media for business. 


Let’s not forget that it also helps create and boosts brand recognition and authority. 


3. A Good Hold On Customer Insights And Analytics


Benefits of Social Media Marketing


You can determine your brand’s performance with the benefits of social media marketing because it gets you accurate tracking data!


You might have heard of Google Analytics. It’s an excellent social media marketing tool that helps you get better insights into customer behavior, including demographics and engagement.


It reflects and gets you an idea of what your customers are searching for, what they need, and what their demands are- it’s one of the best benefits of social media marketing for small businesses.


A good insight into audience behavior is the key to targeting the right audience.


4. You Reach The Right Audience With Real-Time Targeted Ads


Once you know your audience and what they are looking for, you can create targeted ads specially curated for your customers. 


And that’s how you get clicks, leads, and better conversion rates. These targeted ads also let you see the real-time results and work on improving the performance if needed.


This is where social media for business works as the best tool and lets you segment your audience according to their demands.


Running ads might sound expensive, but that isn’t the case with social media platforms. If you wish to drive better engagement and eventually leads, then social media is one such marketing medium that you should opt for!


5. You Generate High Quality Leads- DIRECTLY!


Benefits of Social Media Marketing


A visitor becomes a customer when you have precisely what they’re looking for.


And by now, we all know that social media generates good quality leads and better conversion rates than any other marketing tool. 

A recent study says, “social media boosts sales and customer retention through timely customer services and regular interaction,” and it’s true!


Many of us like going through the social media page of brands to learn more about their customer service, recognition, and loyalty. 


A perfectly crafted social media page or account with engaging posts will get you leads, and it’s one of the appealing benefits of social media marketing for businesses.


A fantastic website, creative posts, innovative and informative copies, and of course, required products or services- are all you need to get those leads. 


6. It’s A Cost-Effective Marketing Mode


Social media marketing could be the most budgeted strategy a business could opt for. And if you decide to go with investing in paid promotions, even that’s cost-effective compared to other marketing tools.


And if you’ve just started, being cost-effective would be the clear focus since it helps you invest in more marketing tactics if needed.


However, social media marketing for business allows you to see higher returns on your investments while also retaining other marketing expenses.


7. Know What Your Competitors Are Doing


Benefits of Social Media Marketing


Not many of us know this, but it’s one of the workable benefits of social media marketing for business. What’s better than peeking into what our competitors are doing? 


Social media channels aren’t just other marketing methods; instead, it allows us to keep our finger right on the pulse of tactics used by our competitors. 


In short, it helps with good competitor analysis, and we can learn a lot from our competitors. 


Of course, our ultimate goal is to understand our customers and have them depend on us with a more classic approach and win over the competition. 


8. Drive More Traffic To Your Website


A website is a must; it’s the first face of your brand. Only if you know social media channels work as an additional supplement to your business. 


Social media marketing for business reaches different audiences with a more personal touch. Indeed, you’ll have to create useful, informative, imaginative, and fun posts to have them check you out!


You could have a brand story or a background story- because such posts work like a strong hook that your customers or potential customers hold on to.


9. Strengthens Business Networking and Partnerships


Benefits of Social Media Marketing


Remember Twitter? 


A platform where you suddenly got to reply and respond to movie stars and big brands!


Well, building and maintaining relationships is a significant part of nearly everything. It’s essential not just for humans but also for businesses. 


Social media has made it easier to develop and maintain authentic relationships. You can strengthen your professional network through social media channels. 


And you might even crack a lead!


10. Builds Strong Customer Relationships


Okay, social media isn’t about bombarding your audience feeds with sales pitches and promotional content- of course, you could post once in a while!


You have to create social media content according to your industry, the niche you’re focusing on, and what you are offering!


Social channels help you create a dialogue between you and your customers, and this is something that traditional advertising cannot achieve. 


Final Thoughts


In a world where 90% of the population uses Facebook, Instagram, and Twitter- do you think it would take time for the right audience to see your brand?


And if your content stands out and is attractive to your audience, congratulations, you’ve got your audience. And, of course, you get higher sales and conversion rates.


REFERENCES


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