Services, Solutions, and Skills: Why Social Media is Integral to Your Marketing Strategy
After the days of shuffling around your “top friends,” adding music to your profile, and seeing Tom’s face consistently popping up across the platform, it’s hard not to laugh a little as we now watch TikToks, monitor political news on Facebook, and plaster our pet photos across Instagram.
That is to say, social media has grown, hasn’t it? And, in that case, shouldn’t your marketing strategy, too?
Saying “Hello” to Social Media
With the advent of the internet came the inherent opportunity for marketers to embark upon the newest advertising frontier. And as the total amount spent on online advertising grew exponentially by the early 2000s, it was only a matter of time before social media platforms began to dip their toes into the waters of online revenue generation, too.
Today? Social media advertising is expected to amass a total of $39.6 billion by the end of 2020, which is approximately 9.4% higher than that of 2019.
Of course, many entrepreneurs today seeking social media glory (or attention, at the very least) may not necessarily find that surprising, seeing as internet users are reported to spend a daily average of 2 hours and 22 minutes per day on social platforms.
Thus, as social media continues to flourish, so, too, will the opportunities for businesses to attract and advertise to new audiences.
It Pays to be Social
While we may have started by discussing the advertising-specific avenues of social media, it goes without saying that these platforms act as more than mere digital billboards for brands. Rather, they act as the venue by which businesses can attract new individuals, thereby increasing their overall rate of exposure.
In fact, according to a 2020 analysis conducted by Hootsuite, “52% of all online brand discovery still happens in public social feeds,” meaning that, on a year-over-year basis, more and more consumers are turning to social media to feed their spending habits.
In fact, this trend is likely to increase in the near future, judging by the current breakdown of active social media usage by generation:
Baby Boomers — 48.2%
Gen X — 77.5%
Millennials — 90.4%
And that’s before we take Gen Z into account. In short, social media isn’t just another avenue for advertising your particular brand or product (though it is that, too)! It also allows you to interact with your audience, rather than interrupting them, thereby increasing your ability to strengthen your brand identity, monitor and track leads, place yourself at the center of the conversation, and more.
Social Innovation and Integration
By integrating social media into your overall marketing strategy, you’re providing yourself with the opportunity to innovate and explore new methods of audience engagement that you might not otherwise have with other forms of traditional media advertising.
After all, social media may be just one cog in the proverbial marketing machine, but it’s also one that continues to grow and thrive as technology and communities develop.
That’s why, here at Mad Men Marketing, our social media team comes equipped with an arsenal of services, including the ability to help you generate effective paid social media and strategize your organic social media!
We understand that your attention should be rooted in the day-to-day responsibilities of running your business, not reading every little social media comment or message that lights up your push notifications. Thus, we don’t just offer social innovation and management, but we also provide you with monthly analytics to clarify your brand’s return on investment, as well as strategize the effectiveness of future social media campaigns.
If you’re ready to interact with your customers (as opposed to interrupting them), contact Mad Men Marketing today by calling 904-355-1766!
The Rise of Social Commerce (s-Commerce)
We've seen companies like Amazon and Facebook transition from a laser-focused CD and movie source and social media network respectively, into multi-faceted money making machines. Amazon has positioned itself as THE online marketplace in the United States and has diversified into other web services like hosting and marketing as well as developing its own distribution infrastructure to the point that it can rival virtually any logistics company and it has its sights set on grocers too.
Meanwhile, Facebook has gone from cool collegiate exclusivity to the most ubiquitous social channel in the world. Recently, Facebook revealed that it would amplify its existing e-commerce ads to account for showcase shopping ads. Just like Google, Facebook is taking advantage of their online resources to help advertisers push more merchandise just in time for holiday shopping. The new ad format allows advertisers to display one main picture with several product images that would, ostensibly, have their own unique landing pages. This gives the potential consumer a broader understanding of what the retailer may be selling and what's specially priced.
Pandora's box is open and there's no going back. Linking a bank account to everyone's personal Facebook page isn't far off and this may raise security concerns all over the world, but for now, social media will undoubtedly see a rise in sell-through, especially with reasonably priced impulse buys. It will continue to command an ever-increasing amount of your advertising budget as their ads evolve in terms of what can be done with them creatively and who can be targeted strategically. Currently, only a few heavy hitters are testing out the new format, but look for a wider roll-out soon with other companies following suit in 2017. Admittedly, I laughed derisively when some people claimed that Facebook was coming for Google. Well, it appears that not only do they want to compete with Google, but with Amazon and Alibaba as well. What's more is that they seem to have the golden touch right now and I wouldn't put anything past them.
The Less You Do….The More You DO
As I perused AdAge this morning, I stumbled upon a lengthy article about Eat24 parting ways with the “social” giant. I must say that Eat24 made some very valid points. Facebook has been acquiring a wide array of social media companies as well as some more questionable acquisitions in the form of Oculis Rift, a VR gaming company. The push for monetization on Facebook's end has been maddening. The downward spiral seemingly stemmed from its IPO some time ago. Since then, a myriad of questionable decisions and frivelous spending have plagued the once mighty social giant.
Eat24 wrote “We made mistakes too. We actually paid for some of those annoying promoted posts. You were all like, 'Dude, you gotta try out promoted posts, It'll help you make more friends and then more people can enjoy your LOLZ.' So we tried it because we loved you. Also, YOLO… And it's true, we got a ton of new likes on our page. Look at all these new friends, we thought. There's a guy in Houston, and this guy in… Bangladesh? And this girl in… Dubai? WTF Facebook!?… Right now we're only in the U.S., so even though we love our new international friends, we'd prefer not to piss them off by showing them a photo of a delicious calzone that they can't even order.”
While this was hilarious, it was also frighteningly true. You couldn't hit the nail on the head any better, unless you were to read further….
“But the bigger picture issue is that we can't trust you. You lied to us and said you were a social network but you're totally not a social network. At least not anymore… Why should we have to wade through a dozen promoted posts about how to lose belly fat (are you trying to tell us something?) and requests for Candy Crush (NO! Just no.) and suggesting we like our arch nemesis' page (seriously, WTF) before we can finally find the perfect Doge meme? It really seems like you've lost your way and have become nothing more than an ad platform.”
As someone who must delve into the social realm on a daily basis, sometimes against my better judgment, I can completely understand. So why do we stay active on Facebook. Simply put, it's the perceived lack of alternatives. I WILL, however, step out on a limb and vouch for the legitimacy of Google Plus. Not only can you network with anyone regardless of whether you originally knew them or not, but you can receive feeds from people that you actually want to hear from and organize your contacts into endless sub-groups. This past week, I even played trivia in real-time via Google Plus Hangout's Sporcle app.
What's more is that Facebook is constantly changing their user interface as well as the frequency with which organic reach for small businesses occurs. Change happens far too often and sometimes things are best left alone.
End of rant.
One Spark, Endless Opportunities….
Jacksonville could become synonymous with this festival and it could beckon innovators, philanthropists, community organizers, and more for years to come. If this event is as successful as I anticipate it will be, our One Spark could rival several other festivals simply because of the uniqe crowd-funding opportunity that exists. Everyone will be vying for a piece of the $250,000 pie, but if that weren't enough, investors like our own Shad Khan have pledged massive amounts of money to innovators and fledgling companies. One Spark has electrified social media and the entire city has been buzzing about it for months. It's truly a testament to the power of networking. I foresee the next festival really upping the ante and bringing even more money to the table and even more international talent to the shores of the First Coast. I'll see you there, April 17-21 in downtown Jacksonville! Be One Spark.
Never Thought I’d Be Jealous Of Kansas City
This service, which goes for $130/month for TV and internet, was originally only available in Kansas City, MO/KS (of all places) and has received such wild fanfare that Austin will be next. It's assumed that the roll-out will be implemented in Texas even faster than it was in Kansas City due to the city's higher population density in Austin. However, this makes me believe that Jacksonville, the country's largest city in terms of square-mileage, won't exactly be on the short list to receive the service. This seems to be fitting skepticism considering we can't even get decent broadband coverage at our location in the heart of downtown Jacksonville. SO, this is the point in my blog, where I will crank my megaphone to 1,000 and urge my fellow residents of Jacksonville to write the mayor's office, write your senator, and pester Google incessantly to have the “Bold New City of the South” live up to its namesake by incorporating Google Fiber throughout our fine city. The potential applications for this service are endless and could change the way we do business, watch television, disseminate information, educate our children, and so on….Let's start a grass-roots movement to be the first city on the eastern seaboard to employ this paradigm-shifting technology! OH, and before I forget…..that Google stock that is north of $800/share that people think will be tapering off or even becoming cheaper….THINK AGAIN.