Lately, social media have brought a revolution in online or internet marketing. As Social Media is an innovative and resourceful platform to socialize and communicate with potential customers, it’s an excellent idea to earn money. This article gives you some valuable tips for making money online using social media marketing.
In 2014, 92% of marketers believed that Social Media Marketing (SMM) was essential for their business, and 80% pointed out that their social media efforts helped raise visitors to their websites (Source: Hubspot). SMM has become a vital part of doing business in this new era.
Table of Contents
What is Social Media Marketing?
The social media marketing definition is, it is the art of using social media platforms in such a way that products/services can be promoted both online and offline. Social media marketing takes the benefits of social networking to boost brand exposure and broaden its client or consumer reach.
The aim is to create engaging and appealing content (text, image, or video) that users will share through social networks.
Why is Social Media Marketing Important for Any Business?
At this point, we will see why social media marketing is essential for business.
There is nothing like social media for cultivating a community. When the followers become part of your community, you can access them instantly. You can do market research by knowing their likes and dislikes about your offerings.
As the number of your followers increases with time, your power grows. Hence, one of the social media marketing benefits is that having a substantial social media audience can attract new visitors or customers.
Social media can be a leading traffic generator. You give the audience a reason to click through and visit your site by sharing blog posts, images, videos, and other content from your website. You can convert that extra traffic into business opportunities when they visit your site.
More Possibilities for Conversion
Every blog post, comment, image, or video you share on a social media platform is a chance for someone to interact. Every interaction can lead to a site visit, increasing the likelihood of an eventual conversion.
Decreased Marketing Cost
Social media marketing cost is comparatively less than traditional marketing methods. Even paying for advertising through social platforms like Facebook and Twitter is relatively cheaper. Initiate your marketing with a small budget, and once you get a better result, you can increase the funding and thus increase your conversion.
Better Search Engine Rankings
Recently, Google and other search engines have considered social media presence a significant SEO ranking factor. It is because solid brands almost always use social media. So, staying active on social media can turn into a “brand signal” to search engines that your brand is credible, legitimate, and trustworthy.
Are you concerned about using your social accounts to improve your SEO? Do you desire to know about quick guidelines on using social media for SEO? In this video, you’ll learn how to use social media to better your search ranking.
Social Media Platforms
Social media platforms are the sites where the target audiences of your business pass their time. Various platforms are available for social networking. For doing social media marketing for business, it is essential to understand what other business promoters are doing on different social media sites to maximize their business results. It is needed for any business to discover how to use social media to connect with customers, drive visitors, generate awareness, and enhance sales.
Social Media Examiner, a massive online social media magazine assessing how marketers use the top social media platforms, provides an excellent and vital service to the marketing community. In the seventh annual survey for their 2015 Social Media Marketing Industry Report, 3,700 people participated.
The following figure depicts the analysis of the 2015 social media survey report provided by Social Media Examiner:
The survey result shows that
- 93% of marketers use Facebook
- 79% of marketers use Twitter
- 71% of the marketers use LinkedIn
- 56% of marketers use Google+
- 55% of marketers use YouTube
- 45% of marketers use Pinterest
- 36% of marketers use Instagram
- 15% of the marketers use Slideshare
- 14% of the marketers use Forums
- 13% of the marketers use Social review sites
- 9% of the marketers use Social bookmarking
- 7% of the marketers use Geolocation
- 4% of the marketers use Vine
- 2% of the marketers use Snapchat
Here is a short description of the top 8 social media platforms of 2015:
Facebook is a global and mass-market platform of social media. It was on the top of other social media entities worldwide in 2014 and still in 2015. Since hundreds of millions of users are doing social media marketing on Facebook, it is an excellent platform for enhancing business communication with customers and consumers.
Facebook’s 2014 annual earnings report highlights essential facts that every business must understand and incorporate into their 2015 marketing plans. 2014 Facebook earning report shows that the number of people that use Facebook is 1.39 billion per month, and 890 million people use Facebook daily. Seven hundred forty-five million people use Facebook via mobile per month.
The figure below illustrates Facebook’s Daily Active Users (DAU) breakout by region.
Although a mix of social media platforms needed to be used by the marketers and business holders, Facebook is preferred as the ‘must-have’ site. In Social Media Examiner’s 2014 Social Media Marketing Industry Report, Facebook has been spotted as the essential social platform by 54% of marketers. Also, 90% of marketers use Facebook paid ads.
The second best social media platform for making money online is Twitter. To get more social signals, tweets and sharing of URLs are beneficial.
It is necessary to build up followers on Twitter, and engagement with the followers is a significant issue. Marketers generally utilize Twitter tools and searches to find people interested in their products or services and get them to follow them. On this platform, by using different kinds of social media marketing techniques like creating individual lists and hashtags, it is possible to extend the scope for reaching more audiences. Marketers can also monitor what other people say about their company, employees, and brand. They can discover the problems and questions of the customers through Twitter and solve those problems accordingly.
Notably, Twitter works best when self-promotion doesn’t prioritize the people, but they share others’ posts.
LinkedIn has been the most consistent social media site for small businesses for the past few years. To enhance their business, marketers use LinkedIn to make business relationships. Marketers join this platform with a social media CV, including reviews, related content, and associations.
The best feature of LinkedIn is that any recommendations about a business from previous customers or colleagues can be posted. Testimonials, references, and endorsements build up trust among the customers of a business.
Another great thing about LinkedIn is that here ‘groups’ can be created where professionals can join together and share their experiences, ideas, and thoughts. LinkedIn is more about businesses connecting with other companies, and it’s possible to find out like-minded people and exchange more marketing and business ideas.
Google+ isn’t much different from Facebook and Twitter, as it is also one of the proper social media marketing tools for communicating. It is possible to separate people into other ‘circles on this social media platform.’ This makes it easier to target different demographics with your messages. Google+ can be used to test the potential success of a social media marketing campaign. In recent times, marketers have kept Google+ in their social media mix as it has a close association with the search engine.
YouTube is one of the better-known platforms used to promote businesses. It is the home of videos. Though other video options continue to expand, YouTube is a must social platform for marketers. By augmenting the content with a video version, the marketers can enhance their presentations and show them how to use the products or services.
Pinterest has fantastic retention for a social media platform in 2014, and its activity continues to increase. Pinterest pins have earned great popularity and play a vital role in getting social signals. The strength of Pinterest is that it leverages a visually appealing way to share information with followers.
Instagram is a mobile-based and easy-to-use social media platform. It is a photography app that is currently sweeping the globe. This platform can show any business visually. For social media marketing on Instagram, the business owners or marketers incorporate their message into their photographs.
SlideShare is an excellent way to get in front of a large number of visitors or followers. But for many marketers, it is still not the center stage. Marketers can use and share various content types on SlideShare, including presentations, videos, PDFs, ebooks, etc.
Besides the above discussed social media marketing sites, other social platforms include forums, social review sites, bookmarking sites, and blogs.
Quick Tips on Social Media Marketing for the Beginners
Now the question comes, how can beginners build a good social media presence fast? Here are some social media marketing tips for beginners:
Do Extensive Research and Choose Your Social Media Platform
When you start working on social media as a beginner, you have to make a social media marketing plan. Rather than trying to work on all platforms together, you should select one or two social media platforms and concentrate on those. Lots of beginners make this mistake, and at last, they quit.
To select the social media platform that is most suitable to the niche of your website or blog, you have to find out the proficient leaders in your place and should analyze where they have gained success. For example, check out your niche leaders’ number of Facebook fans, Google+ followers, Twitter followers, etc. If you find out that they have 20,000 Facebook fans but only 2000 Twitter followers, Facebook is more suitable than Twitter for your niche and promoting your product or service. You can then concentrate, work, and spend more time on Facebook than on Twitter or other platforms for your place. You don’t want to promote your product to the wrong set of clients. So, doing extensive research and picking up the right social platform on your own will be great for your future success.
Optimize Your Profiles on Social Media Platforms
In the beginning, when you have decided which social media platforms you are going to use, you have to optimize your profiles on those platforms. Your profile optimization increases the chances of getting more followers. For profile optimization, follow these rules:
- Use a photo of yourself or the company logo.
- Write a description of yourself or your company. (For example, your expertise or company background)
- Give a hint to the visitors about what type of information you will share (like SEO or SMM tips etc.)
- Include a link to your website. For example, On Facebook, you can include a link in the ‘About section’ on Google+ in the ‘Contributor to’ section, etc.
Link Your Blog or Website to the Social Media Pages
The next step is to link your website or blog to each social media page. There is a specific procedure to follow for each platform, and it must be done correctly. For example, to connect your website with your Facebook page, you should add Facebook ‘Like Box’ or ‘Fan Box’ to your site.
Add Social Media Buttons to Your Website
Besides connecting your website with the respective business pages on social media, you should add social media buttons to your website or blog so that visitors can easily share your content. Keep in mind that large buttons get more clicks.
Find out and Follow the Popular and Influential Leaders in Your Niche
One of the great social media marketing ideas is to find people to follow who are influential in your niche. This is vital because you have to steadily build up your group of followers. They will not follow you at first as you have a new account and no followers.
You have to follow the famous or influential people in your niche for the reasons below:
- Following the leading people in your niche shows them that you are also part of that niche.
- Famous people are likely to get followed by others as well. So, if you follow the followers of a famous person, there are chances that some of them will develop you back too.
- These people will undoubtedly share valuable and essential information about the niche. Therefore, you have an opportunity to learn something new and re-share that with your followers.
Maintain a Balance Between Following and Followers
Another vital social media marketing strategy is that when you start following people on social media platforms, you should remember that it is always better to balance the following (the people supported by you) and the followers (the people who follow you back). In social media, the influential people in a niche have healthy or balanced profiles.
This is important because:
- Software applications of social media use the ratio (followers/following) and make suggestions on ‘who to follow.’ So if the rate is high, your chances of getting new followers are minimized.
- It is also about building up a trusted profile. For example, a pattern with 650 and 610 followers is more trusted than the others with 800 followers and 1500 followers.
- A balanced social media profile is also better for SEO ranking.
Share Interesting and Attention-grabbing Content
Sharing exciting content with visitors or followers is the basis for starting a successful social media marketing campaign. Sharing helpful content can get you more re-shares. Thus, you can get more visitors to your site and, in some cases, more customers.
Interesting content may be text, images, or videos. It includes:
- Articles/Stories/Pages related to your niche, but not only from your website.
- Research studies
- Motivational Quotes related to your niche or others
- Vital statistics about your niche
- Funny stuff – you can share a funny image or video or a joke to make your followers smile.
- Use hashtags (#) in the networks that support it (Google+, Twitter). Hashtags can make your content more searchable.
Post Many Times a Day, but Don’t Overdo It
People who are beginners in social media marketing have the same question: “how many times should I post per day?” It depends on the platform.
Several social media marketing best practices for posting are:
- Facebook personal page – Posting can be done as many times as you want
- Facebook business page – Posting should be done no more than 1-2 times per day and seven times per week.
- Twitter – The more you tweet, the more publicity you get.
- Google+ Business page and Google+ profile page – As many times as you want, don’t overdo it.
- Pinterest – A few times posting per day is enough.
Remember to Follow Back
Most people forget to follow back those who have already followed them. They only focus on how to get new followers. It will be wise to grow the habit of viewing the people who are already following you and then deciding who to follow. This should be done regularly to get actual social media marketing effectiveness. Otherwise, the chances are that some will un-follow you, so you may sometimes find that the number of your followers has decreased.
Follow the Rules of Social Media Platforms with Patience
To control spam, social media networks have specific rules. For example, there is a limit on Google+ on the number of people you can add or delete from your circles; Twitter is limited on the number of people you can follow per day, etc. So, while doing social media marketing, you have to follow these social media marketing rules. It means that it will take some time to make thousands of followers.
You need to be patient because your account may get suspended if you try to break these rules. Therefore, take your time and create a high social media profile that stands over time.
Set Some Well-Defined Goals
Set your social media marketing goals or objectives to know what you want to achieve. For example, your dreams can be:
- Creating awareness regarding your brand or product
- Engaging users with your brand/product on a day-to-day basis
- Converting new customers into sales
In conclusion, I hope that the above-stated helpful tips for earning money online using social media marketing will help you achieve your desired success on social media platforms. It is always best to work on your social network connections to grow your customer or client base. Proper and intelligent uses of social media platforms will ensure the marketing, promotion, and selling of your products or services to real people. Thus, it will be easier for you to grow your business and eventually make money.