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Developing Social Media Plan for your Business Print E-mail

There are many benefits that social media can bring to your business. It include, providing you with more customer insight, direct communication channels and the ability to measure the effectiveness of these conversations very closely. However, as social media platform grows, participating can turn into little more than a giant time suck without some sort of structure behind it. Perhaps you may consider the following steps to develop the social media plan for your business. Social media is a term we use to discuss the tools that facilitate conversations. Listening first, before your company can be a part of those conversations. You need to know what people are already talking about so you can determine how you can best contribute. So, step one is – listening.

Remember that social media platforms help facilitate conversations between individuals, not companies. The only time to identify the appropriate people inside your organization to participate is once you have a sense of what people are talking about. Step two is about preparation - to find the people who are expert in their areas empowered to act on the feedback they receive from the community. But make sure your company has a social media policy in place that offers guidelines to your employees on the appropriate way to engage in online conversations. You may also need to define your strategy since Social media is comprised of many different platforms. Rather than trying to participate in all of them, begin with one or two that seem to make the most sense 

Engagement in your conversation is a vital part when you participate in social media platforms. For example, start leaving comments on blogs, uploading images to Flickr, building a community on Twitter or FriendFeed or whatever else that strategy entails that helps further the discussion and illustrates your company’s commitment to developing these online relationships. So, step four is – engagement. But don’t forget, you still need to go offline for your business to thrive. Use trade shows and other events as opportunities to build even stronger relationships with the members of your online community. This could be in the form of an exclusive session, an informal breakfast or even a group picture on the event floor.

In social media, measuring success begins by asking more questions like, were we able to engage our customers in new conversations or did we learn something about our customers that we didn’t know before? There are also some tools, for example a blog search engine that allows you to both track and graph topics as well as compare terms- to help benchmark your company against your competitors by running the exact same search and parameters before and after your engagement begins.

To conclude, the potential payoff for corporate social media participation is enormous. These companies will have a better sense of how they are perceived by their target audiences, they will establish a two way dialog with key stakeholders and they will empower their customers to speak with them, not at them. But without a strategic approach to social media, it is difficult to succeed.

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