Small Business Matters

Short Articles About Big Issues for Small Business

Four Reasons Your Business Needs Social Media

Social media has become an integral part of our lives! With the apparent rise of social media influencers partnering with businesses to promote products or services, it is easy to think that you need to pay an influencer to successfully grow your business and drive online sales. The truth is, you can grow your business and your influence on your own.

With the right strategies in place, social media can help you reach a wide audience, attract new customers, build relationships with your existing customers, share knowledge about your industry, and stay up-to-date on industry trends. By understanding how your current and potential customers use social media and what content resonates with them, you can create a successful online presence and build relationships with potential customers.

Let’s explore four reasons why your business should be on social media and how it can benefit you.

1 - Reach a Wider Audience

First, social media gives you the opportunity to reach a wide audience. Simply put, social media is an effective and low-cost tool that can help you reach more potential customers. Potential customers are out there and they want to hear from you (they just don't know it yet). It's a great way to get your message out there without having to spend a lot of time or money and you can target your message to specific demographics and tailor your content to the interests of your target audience. With the right strategy, social media can be an invaluable tool for reaching a wider audience in a cost-effective way.

2 - Reach & Engage New Customers

Secondly, social media is an invaluable tool for businesses to reach out to potential customers who may not have heard about you yet. It can help you attract new customers by showcasing your products and services in an engaging way. Use your social media to create engaging, targeted campaigns that draw in potential customers who are interested in what you have to offer. By connecting with target markets, you can make sure that you’re reaching out to the right people and giving them the opportunity to learn more about your product or service. Then, engage with them and keep them engaged with your brand. With the right strategies in place, your business can use social media to reach potential customers who need your product or service but don't know it yet.

3 - Build Relationships & Provide Excellent Customer Service

Third, social media enables you to build relationships with your existing customers by connecting with them directly and responding to their comments or questions quickly. You will hear and see their wants, needs and fears directly; respond promptly, making sure you understand their question or concern before you respond (if you don’t, ask questions to make sure you do). This helps create trust and fosters a relationship that could lead to more sales down the line. Relationship building involves establishing credibility and authenticity with your customers, partners, and other stakeholders.

Relationships are built on trust and mutual respect. To achieve this, it is important to be genuine in all your social media interactions. Some of the most loyal customers are those who have had a problem with a product or service and received a prompt response and excellent resolution from the business. Showing empathy and understanding their needs, particularly when a problem arises, will go a long way in strengthening these relationships. Additionally, providing value to your customers will help them see you as a reliable brand who they can count on for support when needed.

4 - Share Information and Become a Thought Leader

Fourth, social media is an effective tool to share information and impart knowledge to your audience, establishing yourself as a Thought Leader. Becoming a Thought Leader is a powerful tool to grow your social media sphere of influence. It’s a way to share knowledge, gain recognition, and build credibility in your niche.

Thought leaders have the ability to influence decisions and shape the opinions of those around them. Yes. I said it! Thought Leaders are Influencers. What they know and what they think draws people in. They possess an in-depth understanding of their subject matter and share their insights with others. By sharing knowledge and becoming a thought leader you become an influencer, which can help drive traffic to your content and website, and eventually your sales funnel, all while positioning yourself as an expert in your niche.

With the right approach and dedication, anyone can become a thought leader in their industry. Read an interesting article? Share it! Have a compelling perspective on an industry trend? Blog it! Post about it! Have a little know-how in a topic your audience is interested in? Live-stream it (then post the recording)! Have some in-depth expertise in your niche? Offer a workshop or speak at an event!

Establishing yourself as a Thought Leader in your niche means that you become known as the expert you are (and you ARE an expert, I promise you). People will come to you to learn - and perhaps end up a customer in the process.

The Big Picture

Social media is an essential tool for you to reach a wider audience, engage new customers, build relationships, and share information. It can also help you become a thought leader in their industry.

By leveraging the power of social media, your small business can create meaningful interactions with existing and potential customers. You can also gain insights into what your target audience wants and needs. With the right strategy in place, your business’s social media can be a powerful tool grow your sphere of influence, establish brand credibility, and scale your business.