by Fronetics | Feb 16, 2017 | Consumer Electronics, Content Marketing, Marketing, Social Media, Strategy, Supply Chain
Here are two examples of consumer electronics companies leveraging social media to reach their target audiences, build brand awareness, and drive sales.
More and more companies are allocating budget to create a social media presence. That’s because, despite early hesitation, supply chain businesses understand that social media is an important marketing tool in today’s marketplace. The consumer electronics industry is no different: Participating in social media has never been more necessary.
Nearly 60% of consumers have taken a blog or social media post into consideration while shopping in a store. You may think — sure, that probably happens for fashion labels. But in fact, consumer electronics is the top product category influenced by social media posts, followed by fashion, then household items.
So what does this mean for you? Those dollars that you’re driving into social networking posts, tweets, and videos are reaching customers and ultimately affecting their purchasing decisions. Well, I should say, only if you’re driving them in the correct places.
To effectively leverage social media in consumer electronics, you need to have a social media strategy that aligns with your business goals. You need to be using the right channels, distributing the right content, and posting at the right time.
Let’s take a look at two companies that are doing it right and why that is.
Consumer electronics companies leveraging social media effectively
1) GoPro
GoPro designs portable, waterproof cameras that users can strap on their helmets, handlebars, or surfboards to record their experiences. The brand’s target audience includes extreme-sports lovers and daredevils who like to watch and share their adventures.
As part of their social media strategy, GoPro encourages their customers to contribute their videos to its various social media channels. It’s a win-win for both the company and users: GoPro receives tons of content that is interesting and relevant to its users, and the users get to show off their skills (or tumbles). Today, the company has over 4.5 million YouTube subscribers and more than 1.3 billion views of their videos.
Lesson: Know your target audience. GoPro understands who it is trying to reach, what they like to do with social media, and where they are active. It gives users a place to share their accomplishments, and is able to grow brand awareness and brand loyalty at the same time.
2. Beats by Dre
Beats by Dre, owned by Apple and founded by Dr. Dre, is an audio brand that sells headphones, earphones, and speakers. The company is active on several social networking platforms, but its genius lies in how it uses those platforms in different ways to reach different consumers.
On Facebook, Beats by Dre finds the most success by sharing stories and experiences that appeal to music and sports enthusiasts. Content includes inspirational photos and videos of athletes and artists using the brand’s products.
On Twitter, the company has created a dedicated support account to quickly reach customers in need of service. This helps amplify the message that the company offers excellent customer service, and the team is able to quickly and broadly share users’ positive feedback.
Pinterest is an entirely different beast for Beats by Dre. The company found its users were most likely to pin high-quality, interesting images, so that’s exactly the kind of content the brand shares via Pinterest. It also curates “mood boards” around the release of new products. It helps build excitement and awareness surrounding a product launch — and it achieves the longer-term strategy of building brand awareness through its users’ social sharing.
Lesson: What works on one social media network might not work on another. By distributing different kinds of content on different channels, Beats by Dre has been able to maximize the impact of each social media channel and engage with the segment of consumers that operates there.
Today’s consumers are more educated than ever. By understanding how to leverage your social media channels to reach and best serve your target audience, you can make your tweets, posts and videos a success.
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by Fronetics | Feb 8, 2017 | Blog, Content Marketing, Marketing, Social Media
Find out when your target audience is most active on different social media platforms by using these 4 online tools.
Social media has changed the landscape for doing business. With the click of a button, companies are able to instantly communicate with untapped markets and potential clients. The days of face-to-face interactions have been replaced with live streaming videos, tweets, chats, and likes.
But it’s not enough to curate content for your social media platforms. Today’s social media users expect fresh, innovative ideas around the clock. And when this content is being shared is just as valuable as what is being shared.
There is a lot of research out there that highlights the optimal time to post on various social media platforms. For example, marketing analytics software provider TrackMaven has published its Best Times to Post on Social Media Cheat Sheet, which breaks down posting by industry, brand, and product. It also offers general dates and times that can boost success.
But, the truth is, there is no one-size-fits-all social media posting solution.
You need to take it one step further. You need to know the best time for your business to post content. You want more than just a general idea of when to post. You want specific information about your target audience — when they’re actively scrolling, reading, watching and liking your content.
Determining the best time to post on social media
There are a broad range of tools available that will analyze the personal data of your social media followers and help you compute the best time to post on social media. Here are four that we think offer the most useful information and are easy to use.
1. Hootsuite
Hootsuite is a social media management tool that can do everything from scheduling social media posts to measuring your social media ROI. The AutoSchedule feature lets Hootsuite determine the best time to publish a post or tweet based on when similar content performed well in the past. It also considers the platform and can publish the same message at different times based on audience engagement on each particular network.
2. Tweriod
Tweriod, a free Twitter tool that helps you know the best time to tweet, is changing the way companies approach their marketing tweets. It will evaluate up to 1,000 of your followers and their tweeting patterns, including schedule, interests, and retweets. You then receive an analysis of when your tweets will receive the most exposure.
3. Google Analytics
Google Analytics is a robust analytical tool for determining how web users are interacting with your digital assets, including social media. Three custom reports (Best Days to Post on Social Media, Best Time to Post on Social Network by Hour, and the Social Media Traffic by Date and Hour) offer real-time, in-depth insight. Also, Google Analytics is free!
4. SproutSocial
SproutSocial offers a customized dashboard with a quick overview of how your social media channels are performing. You also can gain deeper insight into your customers — like gender and age demographics. And you can assess your customer reach and what will work in your favor.
Creating a strong social media presence is essential for any business. But having a presence is just a starting point in understanding how to fully optimize these ever-changing platforms to work for you. Using online tools to analyze when and where your content should be posted will enhance the value of your social media efforts. In short, you can generate customers and growth potential by pushing your content through the right avenues at the right time.
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by Jennifer Hart Yim | Jan 31, 2017 | Blog, Content Marketing, Marketing, Social Media, Strategy
Rival IQ’s Danica Benson discusses the importance of social benchmarking and offers three steps for getting started.
This guest post comes to us from Danica Benson, marketing communications manager at Rival IQ.
Imagine you’re on a little league baseball team. You’re up to bat. You swing and hit, sending the ball far over the second baseman’s head. You take off to first, see the outfielders running to the fences, fly past second base and onto third. The center fielder overthrows the ball as you sprint toward home, kicking dirt into sky behind you. Everyone is screaming, clapping and shouting! A home run! You feel on top of the world!
No matter which league you play in, be it little league or the MLB, a home run is successful. But, what if the pitcher walked you? In little league nobody claps, screams, or cheers. The next batter comes up, and you feel bummed out. But, not necessarily in the MLB. A walk is a strategic move. You’re on base. It’s only one base hit away from scoring position. A walk has the potential to be a game-changer and is considered a success. How is this so?
The benchmark determining success is different in the MLB than in little league. It’s the same performance in both cases, but a different interpretation of success. The same idea applies when measuring your social media activity — what is considered a successful engagement rate, number of followers, or content in one industry isn’t the same as the next.
Benchmarks require context
Benchmarks are key when interpreting data. Organizations of all kinds — large corporations, small privately owned business, nonprofits, and even sports teams — need to measure their performance to see if they’re efforts are leading to success.
Key performance indicators (KPIs) like Net Promoter Score (NPS) at a company, number of clicks on a social post, or a player’s batting average tells someone a lot about what is happening as a result of their activities. But it tells them nothing in terms of whether their efforts are successful, failing, or where to focus to close up those gaps. Why? Because benchmarks are relative.
3 steps to successful social benchmarking
Establishing benchmarks relative to your top competitors, like audience size and engagement rate, are meaningful because you are comparing to others like you who are fighting for the attention of the same audience. Without context, your metrics are what we call a “so what?” metric. We have 1,500 followers on Facebook… so what? Do we need more? Is that a good amount? These numbers only mean something if you have a benchmark for comparison.
At Rival IQ, measuring digital marketing performance begins with setting competitive benchmarks. To develop an effective social media strategy, you need contextual data. Analytics are great, but not if you don’t have context to compare your data. There are a couple of ways to do this: by comparing your organization’s metrics to itself, or by keeping tabs on your competitors. Using these methods, you can compare apples to apples and see growth in your organization, as well as how well you’re doing compared to your competitors.
Step #1: Know YOUR organization’s internal benchmarks
First and foremost, get to know your numbers. Identify your metrics and compare them to how you did last month (MoM) or last year (YoY). You always want to outperform yourself, so these benchmarks give you a base to start from and allow you to see if your activities are resulting in growth. Benchmarks can help you understand where your performance has been in the past, and help you create realistic expectations for the future.
But, what do you do if you don’t have any historical data to work with because you’re just starting up your analytics? I recommend looking at industry benchmarks, which you can find on websites such as Kissmetrics and MailChimp.
Step #2: Know your competitive benchmarks
Measuring your performance against your competitors gives you business intelligence you can use to make better decisions — especially if you’re struggling to earn social media attention. It’s too easy to think that we can just type, “What’s a good engagement rate for Instagram?” in a Google search to find a benchmark that means anything. What you will find are general figures calculated using everyone who uses the platform, which is great if your target audience is everyone who uses Instagram (not likely).
Go deeper than your industry by building your social benchmarks from scratch. Hand-select your direct competitors and look at metrics, such as:
- Which social channels do they use?
- How does the content differ between channels?
- When and how often are they posting on social media?
- What type of content are they sharing? Are they posting updates, photos, videos, live video, .gifs?
- What do their engagement rates look like?
- How many followers do they have?
Setting your social marketing strategy using your own landscape of competitors will give you a realistic, attainable goal. Accurate, relevant benchmarks are the first step in paving the way toward gaining a competitive advantage.
Step #3: Track, test & tweak
Now that you’ve reviewed your organization’s performance and can measure if it’s trending upward (or not), and you have established your benchmarks relative to your competitors, you track, test and tweak.
Track performance
By tracking your performance over time, you will be able to see if your audience is getting bored with your usual posts and may need to change your tactics. By monitoring your competitors, you can learn what content works well and take advantage of opportunities they may be missing.
Never stop testing
Social media is a great place to test things out, like new ads, campaigns, copy, contests, surveys, images, etc. Secondly, they give you feedback, fast! Find out what your audience likes on social first, then learn from your wins and failures. Take what you learn about your audience on social media and apply it to other marketing activities.
Tweak for optimization
This goes hand-in-hand with testing. Once you’ve tested a few things and have identified what’s working, tweak it and test it again to optimize it. Find the sweet spot. Social media is always changing, so there will always be more work to do.
Just as with all good strategies, you have to continually measure success and adjust based on real-world results. Competitive analytics is a great way to set social media benchmarks by basing them on companies you aspire to beat. If you aren’t beating the competition, it might be time to go back to the drawing board.
Originally from the Portland Metro Area, Danica Benson migrated north to work as a marketer in the startup arena. As the marketing communications manager at Rival IQ, she’s bringing her passion to the tech world. Outside of the office, Danica spends her free time on outdoor adventures and exploring the great city of Seattle.
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by Fronetics | Jan 31, 2017 | Blog, Content Marketing, Marketing, Social Media, Strategy
Sales teams can use social media to cultivate relationships with potential buyers, a process called social selling.
With the dawn of the social media age and the exponential increase in choices and information available to buyers, we’ve seen a massive shift in the way B2B sales occur. According to the Harvard Business Review, a striking 84% of B2B sales start not with a salesperson, but with a referral.
As outbound sales become decreasingly effective, peer recommendations are influencing more than 90% of all B2B buying decisions. So how do we make the shift from outbound sales to this new reality? One of the more popular answers is social media.
It’s likely that your organization has some sort of social media marketing strategy in place. But making full use of these platforms requires a more nuanced, well-rounded strategy than blanket social media marketing. It’s time to introduce the idea of “social selling.”
Social media as a sales tool
In a basic sense, social selling is the strategy of adding social media to the sales professional’s toolbox. This means using social platforms to research, prospect, and network by sharing curated educational content and answering questions. The key is building relationships until prospects are ready to buy.
So what’s the difference between social media marketing and social selling, and why is it important? While both are necessary to an integrated marketing and sales strategy, the former is about engaging many — with the goal of increasing brand awareness or promoting a specific product — by producing content that users will ideally share with their networks.
Meanwhile, social selling means producing focused content, and providing personal communication between the salesperson and the buyer. Again, the key is building and cultivating a relationship using social media platforms.
How to start social selling
The benefits of social selling are numerous and significant. For example, according to a LinkedIn survey, B2B buyers are five times more likely to engage with a sales rep who provides new insights about their business or industry. Social media is a powerful engagement tool, giving sales people a platform for sharing these insights.
Here are some steps your sales team can take to implement social selling.
1) Put it in your calendar.
Allot a small portion of your day for social media. It doesn’t take a big time investment to reap the benefits of regular interaction with your prospects.
2) Integrate sales and marketing.
Encourage collaboration between sales and social marketing departments, to make the most of both efforts. HBR suggests that “marketing can train salespeople in social media systems, processes, and best practices.” In addition, sales and marketing should be regularly sharing information to make sure their goals are aligned, and efforts are dovetailing. According to a study by Data Room and Marketo, “sales and marketing alignment can improve sales efforts at closing deals by 67% and help marketing generate 209% more value from their efforts.”
3) Prioritize relationship-building.
Focus your business’ ongoing efforts to building and cultivating quality relationships with prospects. This means building in time every day for personal communication. Make your prospects’ needs your priority.
The bottom line here is building and maintaining relationships. Social media — and social selling — are powerful tools for doing just that.
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by Fronetics | Jan 11, 2017 | Blog, Current Events, Marketing, Social Media
Learn about LinkedIn’s makeover, the parade of apps joining the live video trend, and more social media news for supply chain marketers.
As part of our ongoing series informing supply chain marketers about the latest updates and trends on social networking platforms, here is the January 2017 edition of social media news.
LinkedIn gets a new look
If you’ve signed onto LinkedIn lately and noticed everything looks a little different, you’ve experienced the new LinkedIn. The latest version should make it easier to find new contacts, interact with connections, and write posts, but it may take some getting used to. Social Media Examiner’s What Marketers Need to Know guide can help you navigate all the new features and organization.
Instagram rolls out live video
Following the massive success of Facebook Live, Instagram has introduced a live broadcasting tool within its Stories feature, now available for all U.S. users. Live videos disappear after they finish running. Reportedly, the Explore tab will feature a “top live” section so users can browse popular broadcasts as they are happening.
Twitter adds live broadcast feature
Twitter, too, joined the live video game by introducing #GoLive, powered by Periscope. Within the Twitter app for iOS or Android, users can tweet live video, while followers on Twitter and Periscope can join, comment on, and send hearts to the broadcast. Read more
Facebook introduces Live 360
Facebook announced the impending arrival of Live 360 for all Pages and Profiles sometime later this year. Combining the experiences of live broadcast with 360 video, the new feature will “[transport] people into new experiences — right as they happen.”
Twitter will pare down Vine to Vine Camera
Contrary to previous reports, Twitter will not completely shut down the video app Vine, but instead dress it down to a camera app called Vine Camera. Users will still be able to create 6-second looping videos and post them directly to Twitter or save them to their phones. Read more
Instagram introduces Saved Posts
Users of the Instagram 10.2 app for iOS or Android are now able to save posts from other users in their own private collections. Instagram has added a small bookmark icon on the bottom-right-hand side of each photo, which allows users to pin that image to their Saved Posts board. This board is not visible to other users, but individuals can access their Saved Posts at any time. Read more
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