Can Social Media Strategies Shift Margins in Your Business’s Favour?

No matter what industry or sector you are in, you’re going to face competition. As businesses shift ever more into the online world, competition is only becoming fiercer, and brands must take steps to ensure they stand out from the crowd.

All businesses are on social media these days, but there are particular approaches you can take and techniques you can implement to shift things in favour of your business. Let’s take a closer look at what social media strategies you can adopt to stand out in an increasingly oversaturated digital market.

Social Media Listening

The modern social media landscape is enormous and continues to grow day by day. With billions of people using today’s social platforms, there is an endless stream of user-generated content being uploaded by the minute.

As a business, being able to understand what is being said about your brand is key, but doing so is exceedingly difficult given the increasing size of modern social media platforms.

By using social media listening tools, such as those available through companies like Oktopost (oktopost.com), brands can discover who is talking about their businesses on social media and where their business is being talked about.

With this information, you can develop more effective and more efficient marketing strategies.

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You’ll be able to assess your target customer and how well your campaigns are reaching them, and you’ll be able to identify key locations where marketing campaigns will be the most effective.

Sentiment Analysis

Discovering who is talking about your brand and where it is being talked about can give you a boost over the competition, but being able to understand exactly what consumers think about your brand can give you a real edge.

Thankfully, it is perfectly possible to do so, through a technique known as sentiment analysis. An advanced form of social listening, sentiment analysis takes the comments and posts created by users and analyses their context, identifying whether the message contained within is positive or negative.

This is incredibly valuable information. It can give you insights into the perception held about your brand and allow you to assess the success and reaction to particular products, services, or campaigns.

Sentiment analysis can also be used to monitor signs of potential social media crises. A social media crisis can be catastrophic and can be incredibly difficult to recover from. By keeping a close eye on what is being said about your brand and the opinion held among consumers, you can quickly take steps to address and rectify any issues as and when they occur.

Organic Marketing

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Organic marketing is often regarded as the original form of social media marketing. It involves using native posts and content to generate business and build brand awareness, rather than using paid advertising options.

Organic marketing takes work, but the potential rewards are plentiful. Often, the best way to organically market your brand is to build a community. This will make your business seem more relatable and authentic, values which are highly prized among modern consumers.  

Conclusion

Social media strategies such as social listening, sentiment analysis, and organic marketing can set your brand apart from the competition and take your business to the next level.

Jeremy Edwards
Jeremy Edwards
On Chain Analysis Data Engineer. Lives in sunny Perth, Australia. Investing and writing about Crypto since 2014.

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