How to Create a Social Media Marketing Strategy for Businesses
A substantial number of businesses adopt social media strategies in order to better market themselves and connect with their target audiences. However, many of these businesses don’t have a plan or clear goals in mind, and as a result, their social media strategies are often ineffective.
In brief, to create an effective social media strategy for your brand in 2024, you need to start by setting some clear goals. What do you want to achieve through social media? Once you have a good understanding of your goals, you can start to create content that will help you achieve them.
This blog will look into the trends and the essentials, that should be a part of your social media marketing strategy in the year 2024. Read this blog in full to know the complete strategy that you should undertake for your business on social media next year.
What is a Social Media Marketing Strategy?
A social media marketing strategy is a plan of action that businesses use to create and maintain a presence on social media platforms. The purpose of having a social media strategy is to connect with customers and prospects, build relationships, and increase brand awareness.
An effective social media strategy will help you achieve your business goals by:
- Increasing visibility: A social media strategy can help you get your brand in front of more people.
- Generating leads: By sharing valuable content on social media, you can attract customers and prospects to your website, where they can learn more about your products or services and convert them into leads.
- Improving customer service: Social media provides a great platform for responding to customer questions and concerns in a timely and efficient manner.
- Building relationships: Social media is all about building relationships and by engaging with your customers and prospects on a regular basis, you can create a strong connection with them.
- Increasing brand awareness: The more people see your content on social media, the more they will become familiar with your brand.
Benefits of Leveraging a Social Media Marketing Strategy
There are many benefits to having a social media strategy, but some of the most important ones include.
Top 4 Benefits of Social Media Marketing for Your Business
- Enhanced visibility for your brand.
- Improved customer service.
- Stronger relationships with customers and prospects.
- Increased brand awareness.
1. Enhanced visibility for your brand:
If you want more people to see your content, then you need to be active on social media. A social media strategy will help you get your brand in front of a larger audience.
2. Improved customer service:
Social media provides an excellent platform for responding to customer questions and concerns in a timely manner. By being responsive to your customers, you can improve your customer service and create a better overall experience for them.
3. Stronger relationships with customers and prospects:
Through regular engagement with your customers and prospects, you can create a strong connection with them.
4. Increased brand awareness:
The more people see your content on social media, the more they will become familiar with your brand.
How to build an impactful social media marketing strategy for your brand?
There is no one-fit-all formula for building an effective social media strategy. However, there are certain steps that you can take to ensure that your strategy is well-rounded and tailored to your specific goals.
Top 10 Social Media Marketing Strategies to Adopt in 2024
- Set realistic social media goals.
- Find out your relevant metrics.
- Identify your target audience.
- Understand your social media audience’s behavior.
- Pick only a few social media networks.
- Perform research on competitor’s channels.
- Prepare a realistic budget.
- Decide the type of content you want to share.
- Create a content calendar.
- Measure and analyze your results.
1. Set realistic social media goals:
The first step to creating an effective social media strategy is to set some realistic goals. Once you have a good understanding of your goals, you can start to create content that will help you achieve them.
Some examples of social media goals include increasing brand awareness, generating leads, improving customer service, or building relationships.
2. Find out your relevant metrics:
Next, you need to identify which metrics you will use to measure your success. This will vary depending on your goals, but some examples include engagement rate, reach, or website traffic.
Once you know your relevant metrics, you can start to track them and see how your social media strategy is performing.
3. Identify your target audience:
Another important step in creating an effective social media strategy is to identify your target audience. Whom are you trying to reach with your social media content? Once you know who your target audience is, you can create content that appeals to them.
It’s an important step as it allows you to focus your content strategy and create messages that are more likely to resonate with your audience.
4. Understand your social media audience’s behavior:
Not all social media platforms are created equal. It’s important to understand the different behavior of your audience on each platform, as it will dictate the kind of content you share.
For example, Facebook is typically used for more personal updates, whereas Twitter is used for sharing news and articles. Doing a little research on each platform will go a long way in helping you create an effective social media strategy.
5. Pick only a few social media networks:
It’s tempting to want to be present on all social media platforms, but it’s important to focus your efforts on a few that are most relevant to your business. Trying to maintain a presence on too many social networks can quickly become overwhelming,
and it’s more difficult to produce quality content when you’re spread too thin. It’s better to focus your efforts on a few platforms and do them well, rather than try to be present on every platform and do a mediocre job.
6. Perform research on competitor’s channels:
Before you start creating content or take any action, it’s a good idea to take a look at what your competitors are doing on social media. See what’s working well for them and what’s not.
This will give you a good starting point when it comes to creating your own social media strategy. Moreover, you can learn from their mistakes and avoid making the same ones yourself.
7. Prepare a realistic budget:
You need to prepare a realistic budget for your social media strategy. This will include the cost of creating content, hiring someone to manage your social media accounts, or running ads.
Keep in mind that a successful social media strategy takes time and effort, so you need to be prepared to invest in both. You need to do some research and allocate a realistic budget for your social media strategy.
8. Decide the type of content you want to share:
The type of content you share on social media will depend on your goals. If you’re trying to increase brand awareness, you’ll want to share content that is interesting and informative.
If you’re trying to generate leads, you’ll want to share content that is more sales-oriented. And if you’re trying to build relationships, you’ll want to share content that is more personal in nature.
It’s important to decide the type of content you want to share before you start creating it. Otherwise, you’ll likely end up with a hodgepodge of content that doesn’t really serve any purpose.
9. Create a content calendar:
Creating a content calendar is a great way to plan and organize your social media content. Having a content calendar helps you to stay on track and ensures that you’re sharing quality content on a regular basis.
Plus, it takes the guesswork out of what to post on social media, which can save you a lot of time.
10. Measure and analyze your results:
Once you’ve been sharing content for a while, it’s important to measure and analyze your results. This will help you to determine what’s working well and what’s not. Make sure to keep track of your metrics so that you can see the progress you’re making.
Building an impactful social media strategy doesn’t have to be difficult. By following the tips above, you can create a strategy that is tailored to your business and goals.
And with a little time and effort, you can see some great results. Creating a custom social media marketing strategy for your business doesn’t have to be complicated or time-consuming.
Latest Social Media Trends That you need to follow
The paradigm of social media is continuously evolving and what was popular last year may not be in vogue this year. As a result, it is essential to stay abreast of the latest social media trends to ensure that your brand remains visible and relevant.
To understand better, let’s take a look at some of the biggest social media trends that are currently taking the world by storm.
7 Most Important Social Media Trends for 2024
- The Rise of Micro-Influencers.
- Small networks will bring the majority of traction.
- Social commerce will become bigger.
- Video content will dominate.
- Social audio platforms will surge.
- Live streaming will become even more popular.
- User-generated content will be more important.
1. The Rise of Micro-Influencers
Micro-influencers are social media users with a relatively small but highly engaged following. They typically specialize in a particular niche and have the ability to generate organic and genuine engagement.
One of the reasons why micro-influencers are so popular is because they are considered to be more authentic and relatable than traditional celebrities or influencers.
As a result, brands are increasingly turning to micro-influencers to promote their products and services. If you’re looking to tap into this trend, consider working with micro-influencers in your industry.
2. Small networks will bring the majority of traction
While popular social media platforms such as Facebook, Twitter, and Instagram will still remain relevant, smaller networks are expected to gain popularity in 2023 and beyond. This is because users are becoming increasingly tired of the algorithm-driven feeds on these platforms.
As a result, they are turning to smaller networks that offer a more intimate and personalized experience. Some of the most popular small social media networks include Vero, Ello, and Mastodon.
If you’re looking to reach a more engaged and loyal audience, consider promoting your brand on these smaller networks.
3. Social commerce will become bigger
One of the most significant social media trends that are predicted to take off in a big way in 2020 is social commerce. Also known as e-commerce, social commerce refers to the use of social media platforms for commercial transactions.
This could manifest in various forms such as influencer marketing, shoppable posts, and more. Moreover, with the increasing popularity of social media platforms like Instagram, Pinterest, and Snapchat, social commerce is only going to get bigger in the years to come.
4. Video content will dominate
It’s no secret that video content is one of the most popular types of content on social media. In fact, a recent study showed that 78% of people would rather watch a video than read a blog post.
As a result, it’s no surprise that video content is predicted to dominate social media in 2023 and beyond.
If you want your brand to stay ahead of the curve, start creating more video content. Going live with your audience, creating micro-videos, using augmented reality, and using vertical videos are some of the video trends that you should consider.
5. Social audio platforms will surge
While social media has primarily been visual up until now, things are starting to change with the rise of social audio platforms like Clubhouse and Twitter Spaces.
These platforms allow users to connect with each other through audio-only conversations, which can be a refreshing change from the constant barrage of visuals on traditional social media channels.
As more and more people look for ways to connect with others while maintaining social distance, social audio platforms are expected to see a surge in popularity in the coming year.
If you want to stay ahead of the curve, start thinking about how you can leverage these platforms to reach your target audience.
6. Live streaming will become even more popular
Live streaming has been growing in popularity over the past few years, and this trend is only expected to continue in 2021.
Thanks to platforms like Instagram Live, Facebook Live, and YouTube Live, anyone with a smartphone can broadcast themselves to the world in real-time.
Live streaming is an excellent way to connect with your audience in a more personal and authentic way. You can use it to give them a behind-the-scenes look at your business, host Q&A sessions, or even just have a casual conversation.
If you’re not already using live streaming, now is the time to start.
7. User-generated content will be more important
In 2022, user-generated content (UGC) is expected to make up more than 50% of all internet traffic. This trend is being driven by the increasing popularity of platforms like TikTok and Instagram, which make it easy for users to create and share short videos and photos.
UGC is a powerful marketing tool because it allows you to tap into the influencer power of your own customers and fans. When you encourage them to create and share content about your brand, you can reach a whole new audience of potential customers.
All these trends are pointing to one thing: social media is becoming increasingly interactive and engaging. If you want to stay ahead of the curve, you need to start thinking about how you can use these trends to your advantage.
Whether you own a startup, a small business, or a large corporation, there’s no time like the present to start getting social.
Social Media Audit on For Audience
An average American social media user spends about 2 hours and 7 minutes per day on social media. That’s a lot of time with a lot of usages. If people are spending so much time on these platforms, businesses have all the chance to acquire them and make them customers.
In this regard, Social Media Marketing can help businesses acquire new customers or lead for their venture through social media apps or websites.
Businesses, nowadays, constantly look for innovative ways to acquire, inform or maintain customers for their brands through social media. Social media apps like Instagram, Facebook, and more are always evolving. With dynamic platforms and consumer habits, your business’s social media marketing strategy must remain intact.
For your social media strategy, you can either hire an agency that provides Social Media Marketing Services or build your team. Either way, to prepare yourself for the future you should start today.
If you’re new to social media, or if you’re not sure where to start, this ultimate guide will help you create a social media marketing strategy that will set your brand up for success in 2023.
Start social media marketing with EZ Rankings!
EZ Rankings is an award-winning and future-focused digital marketing agency that specializes in social media marketing. We can help you create and implement a social media marketing strategy that will help you reach your business goals.
We understand that every business is unique, which is why we take a personalized approach to every project we work on. We’ll get to know your business, your target audience, and your objectives before developing a customized social media marketing plan that is tailored to your needs.
Trends That Should Be A Part Of Your Social Media Marketing Success
With the changing times, your business requires a change in strategy. Here are some of the tactics that you must adopt in 2023 for an effective social media marketing strategy.
5 Social Media Best Practices for 2024
- Focus On Creating Short-Form Videos.
- Shoppers Want Your Products On Social Media.
- Paid Advertisements Will Be Required.
- Social Media Customer Service.
- Social Listening Is Valuable.
1. Focus On Creating Short-Form Videos
TikTok recently crossed its billion-user mark in September 2021. That speaks volumes about how invested individuals are these days on short video platforms.
However, businesses find it challenging to use TikTok. As per a Hootsuite survey, only 35% of respondents are interested in increasing their investments in TikTok.
On the flip side, we all know how TikTok has boomed as part of a short video platform. Take note of Instagram Reels, and YouTube Shorts and the success that they’ve had along with TikTok. No one shows the same enthusiasm for Facebook Watch or IGTV.
The word is out: Short-form videos are the future and your business should invest as such. Therefore, creating short informative videos about your business or industry should be an absolute for your business in 2024.
Also, Check – The Best Data Proven Social Media Trends & Practices
2. Shoppers Want Your Products On Social Media
If you sell products, it’s essential now you allow your customers to buy from your social handles. Retail businesses need to focus on setting up Facebook Shop, or Instagram Shop in 2024. Basically, make it easy for your customers to shop and help them buy directly from your social media.
You don’t have to put your whole inventory out there. Just think about what your customers would prefer on a specific social media platform. (Now, that would require some research)
You can even set up paid ads or experiment with them. Your customers will find it easy this way to get your products in just a few steps.
3. Paid Advertisements Will Be Required
With a decline in organic reach and growth on social media, it has become vital for marketers to now focus on paid advertisements. 83% of B2B marketers are now using paid advertisements on social media to put their word out.
It’s important you put your message out to the people on these social platforms. Paid advertisements can be a great way to acquire new leads or customers if you target these ads well.
It’s time to amp up your paid social media budget and put your well-performing posts on money. A well-managed paid social media campaign can bring great benefits to your business.
4. Social Media Customer Service
Yes, you heard that right. Social Media Customer Service will be a part of your social media marketing strategy in 2024.
It’s more convenient for customers now, to just get answers from you on social media. Instead of placing them on a call, messaging is more convenient for individuals nowadays. So make sure your social channels provide customer support through messaging.
On the contrary, companies have not looked into this feature yet. You should start today and take the lead. Use chatbots, response templates for frequently asked questions. Also, train your social media marketing team for customer support best practices.
5. Social Listening Is Valuable
Your business shouldn’t take any step without adequate social listening. All social decisions should come from social listening.
Social listening allows you to understand how popular your brand is, or how it’s perceived by people. It also helps you to know your brand name mentions, and hashtags. However, social listening isn’t just about your business.
It’s about what people are saying or talking about your industry and competitors. It’s a science to know what’s happening within your industry and where your business stands, in regards to that.
Having this valuable information can help you take valuable steps in your social media strategy. So, without wasting any time get on social listening to optimize your social media strategy for 2023
Track meaningful metrics that will make your social media strategy powerful
As we look into the future, we mustn’t forget about the basics or the core. Some things remain constant even as time changes. After the change, let’s take a look at what is constant and shall remain part of your social media strategy in 2023 and the future:
1. Set Practical Goals
Before you start implementing your social strategy, you must start with the right aim in your mind. Set your vision before you start creating. Follow these tips to optimize your workflow:
- Make sure that your goals are specific, measurable, attainable, relevant, and time-bound(SMART). That means your social media goals should be all that’s described above. Doing so helps you set up practical goals that you can rely on.
- What are you trying to achieve through social media campaigns? Is it more leads, more customers over the next quarter or 6 months? What exactly are you trying to get at? You must define your goals pretty well and take further steps accordingly. Each business has its own need in a specific timeframe, so choose your goals accordingly.
- Lastly, be clear with your KPI’s. This could include clicks, social engagement, hashtag engagements, organic and paid likes, and more. It’s important to measure your realistic goals practically and direct your campaigns accordingly.
Also, Check – Tips To Optimize Your Social Media To Boost SEO
2. Pick Your Audience Wisely
Don’t assume. As per Sprout Social, only 55% of marketers use social data to better understand their audience. Every step of your marketing should rely on data and facts. Always put some research into picking or targeting your audience.
Hard truth but not everyone is interested in your brands, or services so you shouldn’t waste much of your time and efforts on them. Instead, segment your audience by doing the following:
- You can make use of your social media insights, to further segment your audience. Almost every social media platform gives businesses the chance to look into their analytics and get insights. Use this to your advantage and look at which demographics are reacting to your content. Use this data and target those specific individuals.
- Apart from the inbuilt social media insights, you can use a particular social media analytics tool or better use Google Analytics. Google Analytics allows you to set up specific filters that help you in providing meticulous data about your audience. Using this data, you can then create targeted content for your audience.
3. Create Content That Users Find Engaging
And finally, after doing everything that’s mentioned above, you get what’s the most obvious. Quality content! However, it’s hard to create some. Your business is on social media and has customers who follow your business.
You also have the additional task of acquiring new customers or leads through social media. To win it all, there’s one thing that you must do and that is, put high-quality content. Your content strategy on social media should take care of the following things:
- Create content as per the channel. On YouTube, videos work. For Instagram, photos or dynamic-based content does best. Meta(formerly known as Facebook) is still reliable for static posts. LinkedIn will remain the most important platform for B2B posts and conversations. In short, study your social media and post accordingly.
- Create content that users find engaging. It’s best to stay with the trends for this one and understand what people are posting. Post according to the times and the platform that you are using. Discard anything that’s outdated or doesn’t work anymore on social platforms.
- Lastly, have a consistent brand voice. People wish to interact with a brand as if they are talking to a person on social media. Having a positive, helpful or informative brand voice can quickly place your business as an authority on social media platforms.
Your social media marketing strategy should focus on trends that are up and current as mentioned in this blog. Businesses need to stay up-to-date and focused with their social media marketing.
All decisions taken should be data-based and improvements should be made accordingly. When you’ve analyzed the data, you must create valuable content so that your business can engage current customers and acquire new ones as well.
Do as stated and you will get the best results from your social media efforts in 2024.
Frequently Asked Questions (FAQs)
Q1. Is there one way around a social media marketing strategy or is it different for everyone?
Ans: Social media marketing strategy should always be customized. Every business has its requirements and way of achieving goals. Therefore, a social media strategy should revolve around these business objectives, and hence, it’s different for everyone.
Q2. Is social media marketing strategy different today than from 5 years ago?
Ans: Social media like all other online domains is continually evolving. It’s no surprise that the social media marketing strategy today is a whole lot more different from what it was 5 years ago.
Thus, constantly being in touch with the trends is essential to crafting an effective social media marketing strategy.
Q3. Can I develop a social media marketing strategy for my business?
Ans: Absolutely, you can. No one understands your business better than you. This is also why many organizations have their in-house social media teams. However, if you’re inexperienced and need quality guidance on how to run paid social campaigns, it’s better advised to look for a social media marketing company.
Social media marketing companies have experience in handling social campaigns for multiple businesses. Their awareness and experience could largely benefit your business.
Social media is a vast world and if you feel confident enough to manage it well, only then you should proceed with managing social media marketing for your business.
Q4. Why should I build a strategy for social media marketing?
Ans: Social media marketing has a lot of aspects to manage. It’s a whole lot more than just making and sharing content. Since so many activities are involved, it’s better to have a strategy than to have none.
With a social media marketing strategy, a business or an individual develops a holistic plan to create, manage, optimize, share, and measure content.
Thus, a Social media marketing strategy is a result-oriented approach that helps businesses achieve some goals instead of their social media profiles being devoid of activity and results.