Social media marketing refers to the process of gaining traffic or attention through social media sites like Facebook, Twitter and LinkedIn. Social media marketing platforms usually center on efforts to create content that attracts attention and encourages readers to share it across their social networks. The resulting electronic word of mouth refers to any statement consumers share via the Internet (e.g., web sites, social networks, instant messages, news feeds) about an event, product, service, brand or company. It is recommended for every kind of business.
So can you apply social media marketing to your home business? The answer is yes. It can be applied in nearly every business and especially home businesses in the Multilevel marketing niche. Also called network marketing, this unique business model requires a distributor or representative to recruit other distributors or representatives. The existing distributors receive a percentage of their recruits’ sales in the form of commissions. In its early days, the multilevel marketing recruitment process involved making phone calls, bothering friends and family and knocking on your neighbor´s doors. Now, thanks to social media, the process is much more easier. With just Facebook, a representative of a company can reach targeted masses with a product in seconds! Check out some key importance of this unique form of marketing you should not ignore:
INTERACT WITH YOUR TARGET MARKET: You can get immediate feedback through customer updates so as to get an insight of their daily lives and buying habits. This gives you the chance to adjust your marketing strategies. The competition to get customer attention in any business is like an unending battle and social media can help your home business survive against bigger companies that have huge budgets that cover customer attention. With Facebook and Twitter and LinkedIn, you can enjoy a wide reach with just a push of the button. With dedication, you can easily build a network of distributors like yourself. Targeted training materials can easily be provided via E-books, videos, webinars and softwares and all of this can be obtained online for FREE these days. This has made MLM businesses as profitable as ever.
MORE PROFIT FROM MORE SALES: There will be a definite increase in your sales thereby increasing your profits. Engaging in a well organized social media marketing can actually provide you with passive income streams! When your product or service is always in front of potential buyers, they are more likely to buy from you thereby increasing your sales. One of the reason we are ever in business is to make more and more profit from more and more sale. The beauty about social media marketing is that it encourages the use of marketing incentives like freebies, bonuses, coupon codes, and quality online education made available to followers or friends in our social media platform. The effect this has on overall sales can be very amazing.
QUICK RESPONSE TO PROBLEMS: Due to the feedback received, there is an immediate response to problems with your product or service. It becomes very easy to take steps in resolving these problems right away. Research has shown that customers appreciate businesses that have good customer support. When a business does not handle customer complaints fast enough, such business is bound to lose customers to the growing population of competitors that are available in every business niche you can think of.
IT IS FREE: Owning a social network account is for the most part, absolutely free! Running a social networking campaign is relatively cheap compared to hiring a social media management or a public relations agency. It is for this fact that a lot of people are hanging out on social media, real potential customers. As a home business owner, you can create your own online campaign on these social media platforms for next to nothing. This saves costs considerably for those running a home based business.
YOUR TARGET MARKET WILL FIND YOUR PRODUCT: Another key importance of this form of marketing is that your target customers are likely to find you. This is because in the process of marketing with Facebook, you will probably need to join a lot of Facebook groups related to what you are selling. By mere posting a relevant article in these groups and pasting your website’s URL, a lot of target customers looking for your product will reach you themselves. So go ahead and post something today, you are likely to see a sale very soon! If you follow specific keywords in your social media network like Google+, a lot of people looking for your products and services will find you as they search on Google. Also, using Twitter for marketing is great way of telling people who want your products how to get them from your company.