Making Money with Social Media


Social Media Marketing

Generating an additional revenue stream using social media is easier than what you may think. Prior to doing so, you need to set out some ground rules or guidelines to follow. This will keep your social media campaign on target and have you generating money quickly.

Social media itself is a catch-all term for sites that may provide radically different social actions. For instance, Twitter is a social site designed to let people share short messages or “updates” with others. Facebook, in contrast is a full-blown social networking site that allows for sharing updates, photos, joining events and a variety of other activities.

How Are Search Engine Optimization & Social Media Marketing Related?

Social media often feeds into the discovery of new content such as news stories, and “discovery” is a search activity. Social media can also help build links that in turn support into Search Engine Optimization efforts. Many people also perform searches at social media sites to find social media content. Social connections may also impact the relevancy of some search results, either within a social media network or at a ‘mainstream’ search engine. Leveraging the power of content and social media marketing can help elevate your audience and customer base in a dramatic way. But getting started without any previous experience or insight could be challenging.

The Guidelines

It’s vital that you understand social media marketing fundamentals. From maximizing quality to increasing your online entry points, abiding by these guidelines will help build a foundation that will serve your customers, your brand and — perhaps most importantly — your revenue.

Start with a Plan

So many organizations feel overwhelmed by the need to create content for every social media channel on the planet. Or worse yet, many brands create one type of content and then blast that content onto every social platform. If that’s you, you need a social media channel plan.

Most likely, your goals are different on each social platform. Since that’s the case, the content you develop for that platform needs to be different as well.

Ask yourself:

  • What social media platform will this be for? Facebook? Twitter? Instagram?
  • Who are you specifically targeting? Homeowners? People interested in sports? Other business professionals?
  • How will this platform integrate with your other platforms?
  • What’s your overall goal? Generating larger revenue for your business?

Listen

Success with social media and content marketing requires more listening and less talking. Read your target audience’s online content and join discussions to learn what’s important to them. Only then can you create content and spark conversations that add value rather than clutter to their lives.

Focus

It’s better to specialize than to be a jack-of-all-trades. A highly-focused social media and content marketing strategy intended to build a strong brand has a better chance for success than a broad strategy that attempts to be all things to all people.

Quality

Quality trumps quantity. It’s better to have 1,000 online connections who read, share and talk about your content with their own audiences than 10,000 connections who disappear after connecting with you the first time. We see this a lot with Instagram accounts. Clients sometimes lose sight of their goal while chasing that 10,000 follower mark. Various automated systems out there let you seemingly build an “audience” but is this really who you want to target?

Consistency

One of the best ways to grow your following and increase engagement on social media is to be there consistently. The first step is to put the right systems in place to keep your posts relevant, interesting and valuable for your audience.

#Hashtags

If you want to be successful with your social media plan, stop random acts of hashtagging and use a good hashtag to tie all of the pieces of your campaign together.

Use a hashtag that is easy to spell and easy to remember. To make sure your hashtag isn’t already being used for something else, check for it on all channels prior to using it for your campaign. Once you create your hashtag, follow and join the conversation!

To Summarize

In the end, social media marketing needs to help increase sales and revenue. That’s why it’s called social media marketing and not simply social media public relations. To be fair, improving brand awareness and legitimizing a brand should, by themselves, help increase sales. But there are ways to use social media to directly steer consumers toward the sales funnel. For fans of the business, business owners can write posts that link to products, sales, etc. Marketers can also use promoted content and advertisements to sell products to target audiences who haven’t become fans of a brand yet. The ability to target particular audiences is one of the greatest benefits of social media marketing. Social networks know a lot about consumer interests and demographics, so even though there are hundreds of millions of fans, marketers can accurately target the right people with the right message.