Platforms such as Facebook, Twitter and LinkedIn are social instruments of two-way communication. This means, they offer businesses the opportunity to talk directly to their customers, but most importantly customers have the means to talk back to the company too, anytime, anywhere. And this is where the power of social media lies – in communication.
What some businesses get wrong is how social media can only serve as another advertising tool. The reality however is that broadcasting a message and simply selling don’t work anymore. As Brian Solis says: “People are searching for answers and directions, not messages or sales pitches.” It is ‘peer recommendations’ (the reviews and opinions about products and services by other people like us) that we seek on social media and that are absolutely critical to company’s marketing activities for one very simple reason: people trust friends and others like them, not organisations.
Research (see infographic by Hubspot below) shows that 75% of consumers do not even believe ads tell the truth, whereas 90% would turn to friends for brand recommendations and 71% are more likely to buy a product if someone referred to it on social media.
Here are some of the benefits and opportunities of actively engaging on social media that are worth considering: