Tuesday, October 29, 2013

Utilizing Social Media Platforms

In class this week we learned about various social media platforms from Facebook to Twitter to Pinterest and how important they are to any digital marketing campaign.  I wanted to further research how social media can turn into sales and how best to make that happen.

In my search I came across Vision Critical, a market research firm, that published “From Social to Sale,” a survey of social media purchasing trends.  Some of the highlights from the research show that 38% of users purchase after sharing or favoriting on Facebook (either online or in-store) compared to 29% for Pinterest and 22% for Twitter.  The stated reason for purchasing was that Facebook “alerted me to a sale,” whereas Pinteret provided additional information and Twitter identified a place to buy.  A large amount of products bought were in the tech and electronics space as well as in food and drink.
 
In researching how to become good at utilizing these resources and potentially seeing some of these same results, I came to the conclusion that the process is very similar to being good at dating.  You want to be able to communicate well, not get too emotional right away, and not focus on yourself too much.  The communication component also involves being succinct and comfortable in your writing but also inquisitive and sincere to develop a better dialogue.  It also means producing interesting and reliable content that shows you are not completely out of the ordinary and a trustworthy person.  Separately, it is also a good idea to talk to people you may not normally because they could have a lot of friends that might be interested in you.  Lastly, (sincerely) complimenting others is just a good practice in general, but it also helps develop relationships, which can help drive business or lead to more introductions, which can hopefully help you realize your goals. 

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