For example, you may hit the jackpot and come across posts on your competitor’s social media pages that are less than satisfactory, like a flurry of customer complaints with no responses. This might help you identify a need for your business to include better customer service in your marketing strategy and promote the hell out of this.
Alternatively, if your companies offer market-leading services that customers on social media want but your competitors lack, you’d add those to your social media marketing strategy. An audio conferencing tool with an interactive voice response system feature that improves the management of incoming customer calls will set you apart from the competition.
10. It enables you to provide exceptional customer service
47 percent of consumers cite fast response times as a factor in choosing one brand over another. We know that delivering excellent customer service and an exemplary experience is a no-brainer for your digital marketing strategy. Social media allows customer service to be taken to the next level again as it’s so easy to respond promptly.
Larger businesses have social media customer service setups to organize communications through all their social media channels. This allows them to address issues like customer questions, complaints, and refunds, typically via a call center-based team of agents. Scaling processes like these enables a business to grow and develop.
Being there in real-time for customers who want to interact with your business on social media reinforces your brand’s credibility and trustworthiness too.
11. It increases opportunities and delivers higher conversion rates
Consistent social media activity brings loyal followers to your brand like no other marketing method. The more of a following your brand has, the higher the chance of converting them into paying customers.
One strategy to consider is using social proof on your platforms. You can easily utilize feedback to show new customers they should choose your business over its competitors. Social proof is a significant factor in conversions – nearly 70 percent of online shoppers read between one and six product testimonials before making a buying decision.
12. It increases sales and profits
Social media offers numerous opportunities to increase sales, direct customers to your eCommerce website, and encourage them to purchase directly through social channels.
If your business offers this omnichannel sales approach, then you’ll already be aware of the benefits of inventory management. When sales are flying in from all over the place, keeping track of your inventory is essential, which is a nice problem to have.
Interactions on social media platforms make people feel connected to your brand and like they know you personally. Especially if you’ve done a good job of your PR, you should come across as friendlier and more likeable than a company without a social media presence.
When people feel they have a good relationship with your company, they’re more likely to become loyal customers and reward you with repeat purchases. A steady stream of new customers and plenty of repeat business leads to rapid business growth, increased sales, and better profits.