Small Business Design Resources

Social Media for Businesses: Empty Hype?

I’ve been observing my small business design clients for the past couple of years to see how they choose to use social media to promote their businesses.

My unscientific conclusion: small businesses seem to either love social media and use it as much as they can, or avoid it completely. There’s almost no middle ground, and it’s especially interesting to me that the clients who avoid social media are almost, it seems, afraid to use it.

Businesses worry about using social media for several reasons. The main reason is that they worry they will be wasting valuable time and resources on something that is no more than a hype – a passing trend that will disappear within a few years, leaving all those businesses who poured time and money into social media marketing with nothing.

Another common fear is that since social media is essentially about opening your business to your prospects and clients and having conversations with them, you would lose control of your brand and of your image if you engage in social media.

I would like to address the second issue first. I don’t think you should be afraid of social media. The conversations in social media about your brand are going to take place whether you are involved in them or not. It’s actually better to be involved, to initiate some of the conversations and certainly to follow mentions of your brand in social media (use Twitter Search) and respond to them.

As for the first question, most experts agree that while no one can say for certain that social media as it is now will be here in the same form a decade from today, the general concept of engaging customers and prospects in direct conversations is here to stay. I agree: consumers and businesses are quickly learning to expect two-way conversations with each other instead of solely relying on the traditional one-way promotional messages in print ads and in television commercials.

So, can you show clear return on your investment in social media marketing? This is where things get a bit trickier. Marketing is one area where it’s been traditionally difficult to show hard numbers, and social media marketing is no different. However, social media ROI can and should be measured.

A few ways you can measure the success of your social media marketing campaign:

1. Is your favorite social media channel (such as Twitter or Facebook) among the top ten referrers to your website?

2. When people get to your website through a social media channel, how engaged are they? Do they immediately bounce back, or do they spend a few minutes on your site?

3. What percent of your social media visitors become leads by downloading white papers or eBooks or by subscribing to your blog or to your newsletter?

4. What percentage of social media visitors become clients or customers?

Remember that whatever you do to track your social media ROI, you need to be patient. Establishing a social media account, growing it and cultivating connections with clients and prospects isn’t something you can do overnight. I would say that the typical social media account takes at least six months to start showing results, and the longer you keep at it, the better your results, provided you only follow relevant people and engage them daily.