Whether you have a big company or just running a small shop, it’s important to accept the fact that your business needs some form of social media presence. Social media isn’t just about a trend, it’s more of a crucial piece of marketing strategy for your business.
However, at the same time, it is imperative to keep in mind that social media alone isn’t substantial to drive business growth.
Therefore, for you to increase awareness of your business, connect with your customers and boost your sales and needs, it is advisable that you begin with the always-on mindset combined with content marketing strategies to make social media presence more profitable. Feel free to use the right tools like a video clipper when it comes to content creation.
Read on to learn more on why your business needs social media advertising.
Ideal for hyper-targeting customers
A platform like Instagram enjoys over a billion users from all the world. This is a massive population that can easily be converted into customers, if properly done. Therefore, it is only wise for any business to keep in mind that a big chunk of the world’s population is active on different social media platforms like Instagram, Facebook and Twitter. Following these shopping statistics by Bon Vivien, you can see the correlation between social media and buying habits.
Social media platforms are great for advertising because of their efficiency in hyper-targeting potential clients based on their demographic. If an advert is shown to the right audience, it helps avoid wasted advertising costs. That’s why it’s imperative that you choose the right social media marketing agency in Singapore to deliver results, because you want to be spending your advertisement money wisely.
Data in gender, location, behaviors or interests from social media platforms can help businesses target their ad campaigns to the right audience and use more context while advertising.
Incredible for building audiences
The data obtained from social media platforms could also be ideal for any other upcoming marketing campaigns. This is where building a landing audience and social audience comes in. This is because such audiences are integral during the creation of consistent success from the marketing efforts though leveraging historical data.
For instance, once a potential client visits your site, clicks on an ad or subscribes to email lists, you can retarget that client in future with contextual advertising and offering irresistible offers. Such consistent efforts on social media helps build a loyal audience that will help you boost your business’s bottom-line.
Impressive way to track your return on investment (ROI)
Social media can also come in handy in helping your business track its return on investment, especially from your marketing campaigns. Take Facebook for example. Any information on marketing campaigns is in-built in the Ads Manager platform, which is great for enabling you view the allocated budget performance while analyzing the return on ad spend, cost per lead, cost per website purchase and others.
Therefore, advertisers easily track the ad spend while monitoring its performance, which enables business owner to cut down on any campaign that seems undesirable while scaling up the campaigns that are seemingly performing well and bringing in better results.
In a nutshell
To sum things up, hyper targeting customers, building an audience and tracking your ROI are just some of the reasons why your business needs social media advertising, especially if you are looking to keep your business sales afloat while running a sustainable business.